Stablecoin rails work. Consumer adoption is a different problem.

Stablecoins have quietly become one of the strongest real-world use cases blockchain has produced. In Sub-Saharan Africa, on-chain value passed $205 billion in the year to June 2025, up 52% year on year. Nigeria received about $59 billion in crypto-asset inflows between July 2023 and June 2024.

This isn't speculative trading. It's people and businesses using dollar-denominated tokens to solve a real problem: currency depreciation, foreign-exchange scarcity, and remittance costs that still average 8.78% across the region.

So the technology has done its job. It's fast, it's cheap to move, and it gives people access to a stable store of value in economies where the local currency often can't offer that. I don't think that part is in question anymore.

What I think is still underestimated is everything required to turn that into something a person actually uses without thinking about it. A recipient doesn't want a crypto wallet address, a seed phrase or an exchange rate they have to calculate themselves. They want their grandmother to receive cedis in their mobile money account, reliably, at a fair rate, without knowing or caring that a stablecoin did the settling in between.

That gap, between "the rail works" and "my grandmother can use this," is where most of the real engineering happens. It's compliance and CASP licences. It's banking and mobile money operator relationships. It's local currency liquidity on both ends. It's an interface simple enough that someone sends money the same way they'd use any other app.

This is where we've put our energy at Minit Money. Not questioning whether stablecoins work, they clearly do, but building the regulated, user-facing layer that makes them usable by people who've never heard the word.