Former UN Under-Secretary-General and economist Vera Songwe stated at the Davos World Economic Forum that with the high cost of cross-border remittances in Africa, remittances have become “more important than aid” for the continent. Stablecoins are emerging as a faster and cheaper alternative. She pointed out that traditional remittances cost about $6 per $100, while stablecoins can reduce settlement times to just minutes. Against the backdrop of inflation rates exceeding 20% in multiple countries, stablecoins are becoming a tool to combat inflation and preserve value. The countries with the most active stablecoin usage include Egypt, Nigeria, Ethiopia, and South Africa, driven primarily by small and medium-sized enterprises, highlighting their role in financial inclusion. (Cointelegraph) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55596