Stablecoins Emerge as Africa’s Preferred Shield Against Skyrocketing Inflation
NAIROBI, Kenya — As inflation eats into earnings across Nigeria, Ghana, Kenya, Ethiopia and Zimbabwe, a quiet shift in personal finance is taking hold. Millions are moving a portion of their savings and day-to-day cash flow into stablecoins — dollar-pegged digital currencies such as USDT, USDC and DAI — to blunt the impact of currency depreciation, volatile forex markets and overburdened banking systems. The appeal is straightforward: when local prices jump and exchange rates swing overnight, keeping value in a digital asset…