NIGERIA’S STABLECOIN GROWTH ATTRACTS BITGET WALLET EXPANSION

Nigeria’s growing use of stablecoins is attracting increased attention from digital payment companies, with Bitget Wallet expanding its direct bank transfer services in the country.

The self-custodial wallet has operated a direct transfer feature in Nigeria since November 2025, allowing users to convert dollar-denominated digital assets such as USDT and USDC into naira deposited directly into Nigerian bank accounts.

The service currently covers more than 45 Nigerian banks and supports stablecoins across several blockchain networks.

Nigeria has emerged as a major market for stablecoin activity in sub-Saharan Africa. The International Monetary Fund estimates that the country accounts for about 60 per cent of stablecoin-related inflows into the region, although the figure is based on third-party blockchain data rather than official balance-of-payments statistics.

The growth also comes amid rising formal remittance flows. Licensed money transfer operators recorded $1.29bn in inflows during the first quarter of 2026, representing a 45 per cent increase from the same period a year earlier.

Bitget Wallet said its global user base surpassed 100 million by July 2026, while stablecoin settlement through its platform reached $177bn across more than 80 payment rails and 100 currencies.

The company’s expansion reflects the growing role of stablecoins in cross-border payments, particularly for freelancers, businesses and individuals receiving dollar-denominated payments from abroad.