February 2026 marked a turning point: USDC processed $1.26 trillion, overtaking Tether in transfer volume. The divide is clear, USDC dominates institutional payments while Tether rules informal markets. Africa sits at the heart of this shift, proving how regulated digital dollars work in practice. People there are using them for everyday cross-border commerce.
The launch of SoFiUSD signals a massive shift in how traditional banks approach digital assets. Instead of building complex blockchain tech from scratch, institutions are embracing the stablecoin-as-a-service model. By partnering with specialists like BitGo, banks can securely issue digital dollars, while African fintechs use these identical outsourced rails to bypass expensive cross-border payment networks.
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Web3 Africa is a leading platform dedicated to exploring blockchain, crypto, DeFi, NFTs, and the fast-growing Web3 ecosystem in Africa. We go beyond hype to deliver clear, practical, and well-researched insights that help Africans understand emerging technologies, spot real opportunities, and avoid costly mistakes. From breaking news and deep dives to real-world use cases and innovation stories, Web3 Africa exists to educate, inform, and empower a new generation building and participating in the next digital economy.
Major Exchange Faces Sudden Outage During Heavy Sell Off
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