Sub-Saharan Africa Crypto Economy Grows 13% to $101B, Led by South Africa

Stablecoins emerged as a central growth driver. Stablecoin activity through P2P channels rose more than sixfold between 2022 and 2026, climbing from $2.3 billion to $14.6 billion. Over the same period, Bitcoin value received through these channels dropped 60% to $14.6 billion. Stablecoin remittance value more than doubled year-on-year to $492 million, while cross-border stablecoin transfer volumes increased nearly fivefold, pointing to rising demand for cheaper international payments and access to dollar-denominated value.

Active intra-African crypto payment corridors nearly doubled, from 80 to 152, while transaction volumes along these routes more than tripled.

Binance says it has reserved more than $6.34 billion of its own funds to cover user losses after a hack, with roughly $3 billion in stolen assets frozen.