Africa Sees Highest Stablecoin Conversion Fees, Report Reveals

Recent data highlights significant conversion spreads for stablecoins in Africa, ranging from 1.5% to 19%. This disparity is influenced by market competition.

Recent analysis covering 66 currency corridors in Africa has unveiled striking conversion spreads for stablecoins, with fees fluctuating between 1.5% and 19% as of January. This substantial variation in costs is largely attributed to the competitive landscape within the region.

The findings indicate that market dynamics play a crucial role in determining the price differences for stablecoin conversions, showcasing how competition among providers impacts the overall cost to users.