NoOnes Says Stablecoins Are 60% of Trades in Africa

In Short

On April 21, 2026, NoOnes said stablecoins now account for about 60% of all trades on its platform in Africa, up from just over 25% at the end of 2023.

What Happened: NoOnes Stablecoin Usage Data

NoOnes published new platform research showing a sharp rise in stablecoin trading across its products. Stablecoins are crypto tokens designed to track a fiat currency like the US dollar (think of them as “digital dollars”).

According to NoOnes, stablecoin share of trades more than doubled within a year, moving from just over 25% at the end of 2023 to 60% today. The company said USDT and USDC have started to function like default currencies for many users across the continent.

NoOnes also highlighted product changes aimed at making stablecoins easier to use day to day. It said users can direct-buy USDT and USDC, and can cash out from USDT to more than 15 countries.

The company said it offers low-spread swaps, meaning users can exchange USDT, USDC, and Bitcoin with smaller price differences between buy and sell rates. NoOnes also pointed to support for faster, lower-fee networks, including Solana, Arbitrum, Base, Ton, and USDC on BSC.

Planned upgrades mentioned by NoOnes include default pricing in USDT and USDC, automatic conversion of bank transfers and gift cards into stablecoins, stronger mobile money and bank cash-outs, and direct mobile money and bank stablecoin purchases.

Why It Matters

For many Africans, stablecoins are used as a hedge against local currency swings and as a quicker way to move value across borders. If stablecoins are already 60% of trades on NoOnes, product focus will likely shift further toward on-ramps and off-ramps, meaning the rails that convert local money to stablecoins and back.

That also puts more pressure on reliability, liquidity (how easily you can buy or sell without moving the price), and compliance, especially as more regulators in Africa look closely at stablecoin flows and reserves.