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Stablecoins now 43% of Sub-Saharan Africa crypto tx volume: Chainalysis

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As economic instability continues to plague Sub-Saharan Africa, the adoption of stablecoins is gaining momentum. Many citizens are turning to these digital currencies as a safeguard against the devaluation of local currencies.

Recent data indicates a significant uptick in stablecoin transactions across the region. Individuals and businesses are increasingly utilizing stablecoins to store value, facilitate cross-border transactions, and hedge against inflation. This shift comes as traditional financial systems struggle to provide stability and security.

In countries like Nigeria and Zimbabwe, where currency devaluation has been particularly severe, stablecoins offer a reliable alternative. Users are drawn to the perceived stability of assets like USDC and USDT, which are pegged to the US dollar. This trend is not just limited to individual users; businesses are also integrating stablecoins into their operations to streamline payments and reduce exposure to local currency fluctuations.

Experts suggest that the rise of stablecoins could lead to greater financial inclusion in the region. By bypassing traditional banking systems, underserved populations can access global markets and financial services. However, regulatory challenges and infrastructure limitations remain obstacles to widespread adoption.

As the landscape of digital finance continues to evolve, stablecoins are emerging as a crucial tool for individuals and businesses in Sub-Saharan Africa, providing a potential lifeline in uncertain economic times.

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Ether crypto funds see $296M inflows in best week since Trump election

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Institutional investors funneled $296 million into Ethereum-focused funds over the past week, marking the largest weekly inflow since the U.S. presidential election in November. With these inflows, Ethereum has overtaken Bitcoin in terms of weekly gains in crypto investment vehicles.

The surge is part of a broader upswing in crypto asset allocations. Digital asset funds logged a total of $7.05 billion in net inflows during May, pushing crypto fund holdings to a record $167 billion. Within this, Bitcoin funds gathered $5.5 billion while Ethereum products attracted $890 million.

Analysts point to growing interest in Ethereum as it reels in capital seeking exposure to DeFi, smart contracts, and next‑generation blockchain infrastructure. Over the last 30 days, Ether’s price trended upward, and its ETH/BTC valuation ratio strengthened considerably.

Recent inflows into Ethereum products appear driven by supportive macroeconomic signals, improved technical price patterns, and rising adoption of spot Ether exchange‑traded funds (ETFs). Meanwhile, Bitcoin-focused funds saw outflows totaling around $56.5 million.

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Tether USDT stablecoin seen on Bolivian store price tags

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Retailers across Bolivia are now quoting prices in Tether’s USDT stablecoin for everyday goods like chocolates, sunglasses, and snacks, according to Tether CTO Paolo Ardoino.

The shift reflects growing reliance on stable digital currency as Bolivians seek protection against volatility in the boliviano, with USDT providing a more predictable value for both consumers and merchants.

Ardoino highlighted that using digital dollars at the point of sale offers practical advantages for everyday shoppers, and analysts suggest this could serve as a model for other countries facing currency instability.

This development builds on earlier steps toward crypto integration in Bolivia—most notably, the launch of USDT custody services by Banco Bisa in October 2024, under the oversight of the country’s financial regulator.

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Metaplanet shares jump after $5.4B plan to buy Bitcoin

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Tokyo-based Metaplanet has unveiled plans to significantly boost its Bitcoin reserves, targeting the acquisition of 100,000 BTC by the end of 2026—up from its previous goal of 21,000 BTC. The announcement, shared via X on June 6, follows a recent purchase increasing its holdings to 8,888 BTC and signals a bold move to expand its crypto presence .

The firm intends to buy at least an additional 91,112 BTC over the next 18 months. CEO Simon Gerovich emphasized that this accelerated acquisition is a deliberate response to global financial shifts, including geopolitical tensions, excessive sovereign debt, and growing doubts over traditional safe-haven assets like bonds and gold.

To fund this plan, Metaplanet will issue up to 555 million new shares via stock acquisition rights, supplementing its existing 210 million-share program. The issuance is expected to raise around ¥770.3 billion (approximately $5.32 billion) at an initial strike price of ¥1,388 per share.

Looking ahead, the company aims to hold over 210,000 BTC by the end of 2027—roughly 1% of Bitcoin’s fixed supply cap. This ambitious growth trajectory cements Metaplanet’s status as Asia’s leading corporate Bitcoin holder—a strategy that echoes the approach taken by U.S. firm MicroStrategy.

As Metaplanet positions itself for further expansion, its aggressive accumulation strategy and large-scale capital raising mark a transformative shift in how non-financial firms are using corporate treasury to gain exposure to cryptocurrencies.

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