Currency swings are once again fueling the debate on crypto’s role in Africa’s financial system. The latest FX trends show Nigeria’s Naira gaining strength, while Ghana’s Cedi is weakening — trends that directly impact everyday businesses and households.
For many, these shifts underscore why digital assets, particularly stablecoins, have become essential tools. Traders and consumers in both countries increasingly turn to USDT and Bitcoin as hedges against volatility.
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Analysts note that when the Naira strengthens, crypto activity shifts more toward investment and remittance channels. Meanwhile, Ghana’s weakening Cedi is driving retail users into stablecoins to protect value. The divergence highlights the growing link between currency volatility and crypto adoption in Africa.
