Economist Vera Songwe highlighted the increasing use of stablecoins in Africa, noting that remittances are a significant factor. Speaking at the World Economic Forum in Davos, Switzerland, Songwe suggested that remittances are now "more important than aid" in driving stablecoin adoption across the continent. She also pointed to inflation hedging as another key reason for the increased use of stablecoins in Africa. The development signals a shift in how Africans are managing finances, leveraging digital currencies for practical applications.

Economist Vera Songwe highlighted the increasing use of stablecoins in Africa, noting that remittances are a significant factor. Speaking at the World Economic Forum in Davos, Switzerland, Songwe suggested that remittances are now "more important than aid" in driving stablecoin adoption across the continent. She also pointed to inflation hedging as another key reason for the increased use of stablecoins in Africa. The development signals a shift in how Africans are managing finances, leveraging digital currencies for practical applications.