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Africa’s stablecoin promise breaks at the off-ramp

While stablecoins offer rapid finality for cross-border payments in Africa, high conversion costs, thin local liquidity, and strict compliance hurdles at the off-ramp undermine their potential…

  • Three African payment providers tested stablecoins to reduce cross-border transfer costs.
  • Off-ramp to local currency proved costlier than 8%, limiting stablecoin benefits.
  • Stablecoins cannot resolve African cross-border finance until addressing local liquidity.

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