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🚀 $100 in $ATOM today is a bet on the future of connected blockchains. Cosmos continues to build tools that help different networks work together, and that vision could become more important as crypto

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The IMF says Nigeria’s fast-growing use of dollar-pegged stablecoins is reshaping cross-border payments — and testing the limits of monetary and regulatory frameworks. Scale and why it matters - Betwe

IMF: Nigeria’s Dollar Stablecoin Boom Tests Monetary and Regulatory Limits

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#Cardano founder Charles Hoskinson argued that the network’s long-term future will not depend solely on its protocol or ADA token. Instead, he emphasized that Cardano’s success ultimately rests on the

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IMF says Nigeria's stablecoin adoption is 'testing the limits' of monetary and regulatory frameworks
The IMF said widespread use of U.S. dollar-pegged stablecoins in Nigeria could weaken domestic monetary policy transmission and raise financial integrity concerns.

Nigeria accounts for about 60% of sub-Saharan Africa’s stablecoin inflows since 2019, according to the IMF.
The International Monetary Fund said Nigeria's surging stablecoin adoption is “testing the limits” of existing monetary and regulatory frameworks, as households and small firms increasingly use dollar-pegged digital tokens for cross-border payments.

Stablecoins have gained traction in Nigeria because they allow users with a smartphone and internet access to receive remittances or make cross-border payments in minutes, often at lower cost than traditional channels, the IMF said in a report on Tuesday. 

The average cost of sending $200 to sub-Saharan Africa remains around 9% of transaction value, well above the global average of 6%, the organization added, citing the World Bank. 

According to the report, domestic conditions also accelerated the shift to stablecoins in 2023 and 2024. A sharp depreciation of the naira, persistent inflation, and limited access to official foreign exchange pushed households and small firms toward dollar-linked assets to hedge currency risk and settle payments with overseas suppliers. 

But the same features that make stablecoins attractive also raise policy concerns. The IMF said widespread use of U.S. dollar-denominated stablecoins can resemble a digital form of dollarization, potentially reducing demand for the local currency and weakening the transmission of domestic monetary policy. 



IMF says Nigeria's stablecoin adoption is 'testing

The AI narrative continues to gain pace, with Nasdaq-listed company Forward Industries [FWDI] submitting a bid to acquire SkyAI, Inc. [SKYA], the parent company of the $SKYAI token. What followed was 

The AI narrative continues to gain pace, with Nasdaq-listed company Forward Industries [FWDI] submitting a bid to acquire SkyAI, Inc. [SKYA], the parent company of the $SKYAI token.

What followed was a 21% uptrend in $SKYAI in the past 24 hours amid an increase in speculative trading in the AI play.

Forward Industries submits bid to acquire SkyAI, Inc.

$SKYAI is among the best-performing AI tokens year-to-date (YTD), delivering about 881% gains, only second to Venice Token [VVV] at 906%.

With such a strong performance, Forward submitted two non-binding proposals to the Board of Directors of SkyAI, Inc. regarding the stock. SkyAI, Inc. holds 2 million Solana [$SOL] acquired in September 2025, while FWDI is a $SOL treasury.

Holders of the stock would receive 20% of SKYA’s closing price in new shares of FWDI stock. This would mean enhanced liquidity and exposure to the digital asset treasury. However, the parent company is yet to respond.

As a result of this news, the on-chain buying volume of the $SKYAI token spiked by 3x, reaching about $63 million. This is because mergers often lead to price re-ratings.

Moreover, the number of holders has increased by more than 4K during this period. These holders grew from around 56K to 60K, as per CoinMarketCap.



SKYAI rockets 21% on Forward Industries takeover b

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I'll be honest. As a trader, one thing I've learned is that the biggest opportunities usually come from infrastructure most people ignore. Everyone talks about AI models. Few people talk about who hos

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Headline: Circle mints $1B more USDC on Solana — weekly issuance tops $3.5B as stablecoin flows surge across chains Circle minted another $1 billion USDC on Solana on June 16, on-chain tracker Lookonc

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Big trap alert on $MORPHO {future}(MORPHOUSDT) USDT! 🚨 196 whales tried to short this and are drowning in -$96K losses right now! 😱 Meanwhile, the 117 smart whales who went LONG at $1.94 are chilling 

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