REPORT | Africa Accounted for 6.7% of GDP in Stablecoin Flows in 2024 – Among the Highest Globally, Says the IMF
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REPORT | Africa Accounted for 6.7% of GDP in Stablecoin Flows in 2024 – Among the Highest Globally, Says the IMF
A new IMF working paper (Decrypting Crypto: How to Estimate International Stablecoin Flows, July 2025) reveals that Africa and the Middle East have one of the highest levels of stablecoin usage globally – equivalent to 6.7% of GDP in 2024. The paper also highlights the more popular stablecoins in Africa saying: “Tether’s USDT is more popular in regions with more emerging economies – Africa and the Middle East, Asia and the Pacific, and Latin …
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