IMF says Nigeria's stablecoin adoption is 'testing the limits' of monetary and regulatory frameworks

IMF warns stablecoin adoption risks are heightened in Nigeria as digital dollarization accelerates

Nigeria drives 60% of sub-Saharan stablecoin flows (~$22B/yr); IMF warns digital dollarization weakens central bank control. Stablecoins becoming macroeconomic variables; Nigeria's pivot to regulation signals central banks' template for managing currency collapse.