Kenya's, and by extension, Africa's unique economic challenges that span dollar scarcity, inflation as well as currency devaluation are part of the key factors that are driving the accelerated uptake of stablecoins, a new report shows.
The survey by global blockchain technology firm Emurgo Africa indicates that the elevated appetite for stablecoins use is chiefly for crypto trade, US dollar conversions, cross-border remittances as well as for online purchases and savings.
