Nigeria Leads Africa in Stablecoin Inflows via Bitget Wallet

Nigeria has emerged as a significant player in the cryptocurrency landscape, accounting for approximately 60% of all stablecoin inflows into sub-Saharan Africa since 2019, according to a June 2026 International Monetary Fund report. This growth is primarily driven by households and small businesses rather than institutional trading.

Between July 2023 and June 2024, Nigeria received about $59 billion in crypto asset inflows. Bitget Wallet, a self-custodial crypto wallet, has surpassed 100 million users globally, with daily payment users now outnumbering traders.

The platform launched a direct bank transfer feature in Nigeria in November 2025, allowing users to convert stablecoins like USDT and USDC into naira. This initiative marked a significant step in connecting stablecoin payments to Nigeria's banking system.

Additionally, Bitget Wallet Cards have been issued over 150,000 times worldwide, with card spending in emerging markets, including Nigeria, growing by 416% in the first half of 2026.