Turkey, Iran, and Nigeria See Rising Crypto Use Amid Economic Strains

[cryptohog]

Turkey’s inflation sits above 30%, fueling a shift from stablecoins to altcoin trading, with $200B in annual crypto activity. Iran’s inflation has climbed to 45%, and crypto inflows continue growing despite heavy regulation. Nigeria, with inflation down to 16%, still leads Sub-Saharan Africa with $92.1B in crypto transactions.

[Nahid Hossen]

Economic pressure is often the biggest driver of grassroots crypto adoption.