YOU THINK BLOCKCHAIN IS A SCAM BECAUSE YOUR BANK WORKS

Summary from the TLDR Crypto newsletter

In emerging markets where traditional finance fails users, stablecoins have become essential infrastructure rather than speculative instruments. Sub-Saharan Africa pays ~8% on $200 remittances, Nigeria received $19.5B in remittances in 2023 and became the world's second-largest crypto economy by transaction volume despite a government ban, and Argentina's ~200% inflation has pushed three-quarters of workers who receive crypto salaries to select stablecoins over volatile assets. Stablecoins now represent 43% of all crypto transaction volume in Sub-Saharan Africa, with USDT comprising 89% of activity on Yellow Card and 70% of that usage tied to personal financial needs rather than trading.