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Africa’s promise of cheaper remittances through stablecoins is clashing with actuality in lots of locations. In response to information from Borderless.xyz, January’s median unfold for stablecoin-to-fiat conversions throughout Africa reached almost 300 foundation factors — about 3% — far increased than Latin America’s roughly 1.3% and Asia’s tiny 0.07%. That hole issues. It hits wallets the place individuals ship cash residence.
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