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Chainalysis: Sub-Saharan Africa has become the world's third fastest region for encryption adoption rise.
Odaily News According to the latest report from Chainalysis, Sub-Saharan Africa has become the third fastest growing region globally for encryption adoption, with on-chain capital inflows reaching $205 billion over the past year, a year-on-year increase of 52%, second only to Asia-Pacific and Latin America. The report noted that the growth in this region is driven by stablecoins, with Nigeria leading at $92.1 billion, as inflation and forex shortages make stablecoins more attractive. Chainalysis stated that the local financial environment leads the region to focus more on real application scenarios rather than pure speculation or profit.