The International Monetary Fund (IMF) has disclosed that Nigeria accounts for about 60 percent of stablecoin inflows into Sub-Saharan Africa,SSA, while warning that the growing use of dollar-backed digital assets could pose risks to monetary policy and financial stability.

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...