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Market

African stablecoin retail market

Read the latest market size, movement and structure in three focused views.

Quarterly · Q3 '24 → Q2 '26·All Africa · tracked universe · USDT · USDC · cUSD · Others·As of 15 Sept 2026 06:06 UTC
Venue volume
$998M
↑ 30.80%QoQAll Africa venues
Active Wallets
637,897
↑ 21.90%QoQunique wallets
Largest Category
Offramps
50% share50% of volume
Fastest Growing
Prediction Markets
↑ 53.00%QoQcategory
Includes $23.62M of shared-rail flow at 4 venues the retail size band sets aside — Grey Finance $14.09M, Onboard Global $6.89M, Raenest $1.50M, Accrue $1.13M.
Coverage universe

Reflects retail stablecoin activity (USDT · USDC) across venues currently covered by AfriFlux. Coverage expands as new venues, categories, chains and assets are mapped and validated.

Tracked universe, not entire ecosystem.
Tracked countries
🇳🇬Nigerialive🇰🇪Kenyalive🇬🇭Ghanavalidation🇿🇦South Africavalidation🇺🇬Ugandamapping
Nigeria live · others mapping/validation.
Infrastructure covered

Three protocols — Textile FX, Paycrest and HyperFX — measured from their own contracts. They hold no user balances, so they are reported beside the market, never inside it.

$20.41M processed⊘ not in venue volume
Section 01

Category Scoreboard

Retail stablecoin usage by category this quarter. Live categories show real onchain figures; the rest are being mapped.

Offramps
P2P & payout desks
$81.80M92,33449.60%+46.90%
Exchanges
CEX deposit rails
$57.60M27,14334.90%+17.20%
Neobanks
Crypto-native banking apps
$25.00M32,14715.20%+19.80%
Prediction Markets
Event & outcome trading
$500.00K3330.30%+52.80%
Investments
Yield & dollar savings
Mapping soon
Gift Cards
Gift card liquidity & offramps
Mapping soon
Remittance
Cross-border corridors
Mapping soon
Market map

Market Map

Every tracked dollar of retail volume, sized by venue within category. Area = share of tracked volume.

Exchanges$494MOfframps$300MPrediction Markets$1MNeobanks$179M
Quidax
$275.14M · 28.25%
Busha
$141.28M · 14.51%
Roqqu
Daya Pro
Monica
$175.96M · 18.07%
Spenda
$86.54M · 8.89%
Breet
Azza
Paj Cash
Bayse Markets
$1.33M · 0.14%
Chipper Cash
$80.77M · 8.29%
Grey Finance
$58.53M · 6.01%
Accrue
Onboard Global
Timon
Raenest
Evolution
SFx
Payrit
Not yet sizedInvestmentsGift CardsRemittance
Intelligence Feed

The measurements behind the dashboard.

Every figure we publish, dated and permanent, with the method stated on it. Free to cite with attribution.

All notes →
Milestone

BNB Chain is back ahead of Solana for neobank volume

Solana passed BNB Chain for neobank volume in August by $93,163. Thirteen days into September, BNB Chain leads again by $181,945. We said the August crossing was fragile and that we would report a reversal in the same place; this is it.

$181,945BNB Chain's neobank lead, 1 – 13 September

Attributed, not estimated · RSS