The International Monetary Fund said Nigeria’s widespread adoption of U.S. dollar-pegged stablecoins is creating challenges for the country’s existing monetary policy and regulatory framework.
According to ChainCatcher, the IMF attributed the shift to a weakening naira, high inflation, and limited access to official foreign exchange.
The IMF said local households and small and medium-sized businesses are increasingly using stablecoins for cross-border payments and to hedge exchange-rate risk.
IMF Says Nigeria’s Growing Use of Dollar-Pegged Stablecoins Challenges Policy and Regulation
2026-06-16 09:44:36
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