Remittances ‘more important than aid’ as Africa turns to stablecoins

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Economist Vera Songwe highlights remittances and inflation hedging as key drivers of stablecoin adoption in Africa, suggesting their importance surpasses traditional aid.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Speaking at the World Economic Forum in Davos, Switzerland, economist Vera Songwe pointed to remittances and inflation hedging as key drivers of stablecoin use across Africa.

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Original article published by CoinTelegraph on January 23, 2026.
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