Stablecoins take centre stage as bitcoin speculation fades

Stablecoins take centre stage as bitcoin speculation fades

Absa digital assets head Rob Downes says stablecoin flows across the bank’s African markets have more than doubled over the past four years.

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Stablecoins are rapidly displacing bitcoin speculation as the main driver of crypto activity in South Africa and elsewhere on the continent.

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The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and Lewrockwell.com, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.