Stablecoins Gain Ground in South Africa Amid Crypto Adoption

[lingriiddd]

According to SARB, USD-pegged stablecoins have become the preferred trading pair on South African crypto exchanges, surpassing Bitcoin and other major cryptocurrencies. The report notes that this shift is driven by the lower volatility of stablecoins, making them a safer conduit for trading. The central bank emphasized that while adoption grows, regulatory gaps persist, leaving the market exposed to potential financial stability risks.

[Rimon Khan]

Stablecoin adoption rising in South Africa is a strong sign of trust.

[Nahid Hossen]

People prefer stability during uncertain market conditions.