Remittances ‘more important than aid’ as Africa turns to stablecoins

Stablecoins are increasingly being used across Af

Remittances ‘more important than aid’ as Africa turns to stablecoins

Remittances ‘more important than aid’ as Africa turns to stablecoins

Stablecoins are increasingly being used across Africa as a cheaper and faster remittance option, with remittances becoming “more important than aid” on the continent, according to Vera Songwe, a former UN under-secretary-general.

Vera Songwe, right, speaks at the World Economic Forum in Davos, Switzerland. Source:
Total monthly onchain value received by Sub-Saharan Africa from July 2022 to June 2025. Source:
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