Nigeria has been ranked first globally in the ownership of the two largest stablecoins, Tether and USD Coin, according to a new report.
The 2026 Stablecoin Utility Report by BVNK shows that 59 per cent of Nigerian crypto users hold Tether, while 48 per cent own USD Coin, the highest combined level among countries surveyed.
The report places Nigeria ahead of Australia and India, and highlights strong adoption of dollar-pegged digital assets, which are designed to maintain a stable value against the US dollar.
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It adds that usage is being driven largely by emerging markets, with countries such as Nigeria, Argentina and the Philippines turning to stablecoins to protect savings and facilitate international payments.
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