Bitcoin

Coin

<ul class="news-points"> 
 <li>Russell Okung observes a preference for USD stablecoins over BTC in Africa.</li> 
 <li>Austin Campbell affirmed stablecoins remain favorable for many in the crypto space.</li> 
 <li>Campbell noted that while BTC serves as a store of value, stablecoins are favored for everyday transactions.</li> 
</ul> 
Prominent figures in the crypto space recently revealed a notable pattern within the African crypto market, suggesting a growing preference among Africans for U.S. dollar-backed stablecoins over <a href="https://coinedition.com/btc-rallies-26-in-16-days-amid-significant-spot-bitcoin-etf-inflows/">Bitcoin (BTC)</a>. 
Russell Okung, a professional athlete known for his advocacy of Bitcoin, initiated the conversation on X. Okung disclosed promoting the Lightning Network during his stay in Africa, wherein he encountered a sobering reality.&nbsp; 
Per the disclosure, a larger number of people were inclined towards dealing with USDT rather than Bitcoin. Essentially, he observed that African crypto enthusiasts generally preferred USD, even if it was in “synthetic” forms. 
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 During my time in Africa, while advocating for the Lightning Network, I faced a cold, hard realization. Despite my efforts, I found that more people were interested in dealing with USDT rather than Bitcoin. They desired USD, even if they…
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The post <a href="https://coinedition.com/experts-say-bitcoin-takes-backseat-in-africa-crypto-adoption-with-usdt-ruling/">Experts Say Bitcoin Takes Backseat in Africa Crypto Adoption, with USDT Ruling</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Experts Say Bitcoin Takes Backseat in Africa Crypto Adoption, with USDT Ruling

Coin Edition

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