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Nigeria’s stablecoin demand has scaled. Its liquidity hasn’t, says Obiex

Nigeria’s stablecoin demand has scaled. Its liquidity hasn’t, says Obiex
Photo: TechCabal · view original

Obiex says Nigeria’s stablecoin market is far more efficient than it was in 2018 and 2019, when the gap between buying and selling a dollar of crypto in naira ran as wide as ₦20 to ₦30. Demand has scaled since, but the supply behind it is still spread across many small sellers. That’s the current...

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