The IMF said stablecoin adoption in Nigeria is testing monetary and regulatory frameworks, while warning of digital dollarization risks.

*Seeks elimination of alleged multiple exchange rates

The IMF said stablecoin adoption in Nigeria is testing monetary and regulatory frameworks, while warning of digital dollarization risks.

Nigeria's growing use of dollar-pegged stablecoins is reshaping how households and businesses move money across borders, reducing payment...

LAGOS, June 16 : Nigerians are increasingly turning to U.S. dollar-pegged digital tokens, or stablecoins, to move money across borders, as households and small businesses seek…

Efforts to suppress stablecoin use are “likely to be only partly effective,” the International Monetary Fund’s researchers said.

Nigeria accounts for about 60% of sub-Saharan Africa’s stablecoin inflows, but the IMF says rising use of digital dollars could challenge monetary policy and financial stability

IMF warns Nigeria's $22 billion stablecoin market risks undermining monetary sovereignty, says suppression efforts will be only partly effective.

The IMF flags pronounced risks from Nigeria's rapid stablecoin adoption, warning of digital dollarization and threats to monetary sovereignty in its 2026