News Explorer — Nigeria's Currency Crisis Leads to Stablecoin Surge, With Binance Playing a Key Role in Driving Adoption

Generated by AI, curated by humans

Oct 25, 7:00 am

DL News

Nigeria's Currency Crisis Leads to Stablecoin Surge, With Binance Playing a Key Role in Driving Adoption

The popularity of stablecoins, particularly Tether's USDT, has soared in Nigeria amid the country's currency crisis. The Nigerian Naira has lost 65% of its value to the U.S. dollar, leading households and businesses to turn to stablecoins and Bitcoin to preserve their wealth and facilitate payments. Binance, with its easy access to USDT and crypto, has played a key role in driving crypto adoption in Nigeria.

The popularity of stablecoins, particularly Tether's USDT, has soared in Nigeria amid the country's currency crisis. The Nigerian Naira has lost 65% of its value to the U.S. dollar, leading households and businesses to turn to stablecoins and Bitcoin to preserve their wealth and facilitate payments. Binance, with its easy access to USDT and crypto, has played a key role in driving crypto adoption in Nigeria.

Latest

Feb 20, 8:41 pm

Decrypt

Bitcoin Exchange Deposits Decrease as Large Investors Maintain Dominance

A recent report from CryptoQuant reveals a decrease in Bitcoin deposits on exchanges, reducing selling pressure on the a... Read Summary

Feb 20, 6:11 pm

Protos

Uniswap Phishing Ad on Google Leads to Six-Figure Loss for Crypto Trader

A crypto trader lost hundreds of thousands of dollars in a Uniswap phishing ad on Google, prompting warnings from DefiLl... Read Summary

Feb 20, 5:09 pm

Coindesk

Dubai Land Department Launches Secondary Market for Real Estate-Backed Tokens on XRP Ledger

The Dubai Land Department (DLD) and Ctrl Alt introduced a secondary market for real estate-backed tokens, allowing tradi... Read Summary

Feb 20, 5:20 pm

Decrypt

Supreme Court Ruling Against Trump's Tariffs Impacts Bitcoin's Value and Global Market Stability

Bitcoin's price rose 1% to $67,271 after the Supreme Court ruled against Trump's tariffs, citing an overreach of his aut... Read Summary

Feb 20, 5:01 pm

DL News

FOCIL in Ethereum's Hegota Upgrade Enhances Censorship Resistance and Decentralization

Ethereum's Hegota upgrade, featuring FOCIL, aims to enhance censorship resistance by obligating validators to include al... Read Summary

Feb 20, 4:32 pm

Protos

Punch Meme Coin Inspired By Monkey and Ikea Plushie Surges, But Faces Scrutiny

The Punch token, inspired by a macaque monkey named Punch and his attachment to an Ikea plushie, has gained significant... Read Summary

Feb 20, 4:26 pm

DL News

Bitwise Warns of More Bitcoin Price Drops—Here's Why

Bitcoin has dropped nearly 50% from its October 2025 high due to loss of confidence in AI trade, geopolitical tensions,... Read Summary

Feb 20, 4:27 pm

Decrypt

South Korean Regulators Face Scrutiny Over $43 Billion Bitcoin Error at Bithumb

South Korean regulators are under scrutiny for missing an issue at Bithumb that led to $43 billion in Bitcoin being mist... Read Summary

Feb 20, 4:13 pm

Decrypt

House Democrats Raise Alarm Over Trump-Backed World Liberty Financial's Bank Charter Application

U.S. Treasury Secretary Scott Bessent is being pressured by 41 House Democrats regarding the potential approval of a ban... Read Summary

Feb 20, 12:15 pm

Coindesk

Bitcoin Is 'Significantly Undervalued' Says Bitwise—Here's Why

Bitcoin has risen 2% in the last 24 hours, attempting to surpass $68,000 following a recent selloff. The "Fear and Greed... Read Summary

Feb 20, 11:46 am

www.techradar.com

Wisconsin Pulls VPN Ban From Age-Verification Bill

Wisconsin lawmakers have removed a controversial VPN ban provision from an age-verification bill, following criticism fr... Read Summary

Feb 20, 11:35 am

Coindesk

Listings on South Korean Exchanges Led to an 82% Surge in Aztec's Value

Upbit and Bithumb listing Aztec (AZTEC) with KRW pairs caused an 82% surge in 24 hours to $0.035, attracting South Korea... Read Summary

Feb 20, 11:16 am

Decrypt

Bitcoin ETFs Have Lost Nearly $4 Billion in the Last 5 Weeks

Bitcoin ETFs have experienced five weeks of outflows, totaling nearly $4 billion, with the latest withdrawals reaching $... Read Summary

Feb 20, 7:05 am

Coindesk

Ripple CEO Anticipates Clarity Act Crypto Bill Passage By End of April

Ripple CEO Brad Garlinghouse expressed growing confidence in the Clarity Act passing by April's end, citing increased en... Read Summary

Feb 20, 6:43 am

Coindesk

Bitcoin Mining Difficulty Spikes 15% in Largest Jump Since 2021

Bitcoin mining difficulty has surged by 15% to 144.4 trillion, marking the largest increase since the 2021 China mining... Read Summary