Why are stablecoins and on-chain payments initially gaining wider adoption in Africa? The answer to this question is actually quite straightforward.

The local currencies have been in a long-term state of high volatility, and there is a genuine demand for stablecoins, which is not just a theoretical hypothesis. At the same time, the costs of cross-border remittances remain high, and traditional banking channels are not only slow but also lack transparency. These are tangible pain points.

On the other hand, the penetration of smartphones in Africa is continuously increasing, but the coverage of traditional banking systems remains limited. The young population makes up a high proportion, and this group is far more receptive to digital tools than traditional financial users. In this environment, on-chain transfers are not considered cutting-edge financial innovation—they are simply a cheaper, faster basic payment solution. Simple, effective, and low-cost—that is the real reason why it attracts users locally.