Nigeria leads stablecoin adoption as Bitget Wallet sees user surge
Bitget Wallet has reached 100 million global users, highlighting Nigeria’s growing influence in stablecoin adoption across sub-Saharan Africa. The company noted that daily payment users now outnumber traders, with many Nigerians using stablecoins for cross-border payments and everyday transactions. A recent report and company data underscore Nigeria’s pivotal role in driving stablecoin inflows and shaping global crypto finance. Alvin Kan, Bitget Wallet’s Chief Operating Officer, emphasized that stablecoins are becoming routine financial tools in Nigeria.
TLDR
- A June 2026 International Monetary Fund report revealed Nigeria received about $59bn in crypto-asset inflows between July 2023 and June 2024.
- Nigeria accounted for roughly 60% of stablecoin inflows into sub-Saharan Africa since 2019 and ranked second on Chainalysis’ 2024 Global Crypto Adoption Index, and sixth in 2025.
- Bitget Wallet introduced a direct bank transfer feature in Nigeria in November 2025, enabling instant conversion of stablecoins to naira.
- Global card spending on Bitget Wallet reached $31m in the first half of 2026, up 191% from the second half of 2025.
- The Nigeria Stablecoin Summit is scheduled for July 30 in Lagos, where policy discussions will take place.
