Luno expands access to tokenized US stocks to Nigeria
Nigerians can now invest as little as ₦100 in stocks of companies such as Apple, Meta and NVIDIA through Backed Finance-owned xStocks.
Tech
Mariblock Roundtable: Are local stablecoins the next big wave in crypto?
The discussion featured representatives from traditional investment platform Risevest alongside cNGN’s technical team.
Ripple brings stablecoin RLUSD to Africa in partnership with Chipper Cash, VALR, Yellow Card
Ripple described Africa as a “natural next step” for RLUSD, citing increasing demand among businesses worldwide.
Nigeria leads stablecoin adoption with $22 billion in transactions
According to the study, stablecoins accounted for 43% of total crypto transaction volume in sub-Saharan Africa in 2024.
Stablecoin flows in Africa hit 6.7% of GDP in 2024 – IMF
Only Latin America and the Caribbean (7.7%) surpassed Africa in flows relative to GDP.
HoneyCoin secures $4.9M in seed funding for stablecoin-focused payment platform
The company announced that the new capital will be used to accelerate HoneyCoin’s scaling plans, expand its product suite, hire senior talent and strengthen compliance and licensing capabilities.
Western Union is working on stablecoin settlement systems in Africa — CEO
The tradFi giant sees stablecoins as an opportunity to innovate rather than as a threat, CEO Devin McGranahan said.