Post
Topic
Board Nigeria (Naija)
Topic OP
Can stablecoins like USDT replace bank savings in Nigeria?
by
DonaldCryptoTalk1
on 03/09/2025, 10:24:06 UTC
With the way inflation and bank charges are eating into people’s money, some Nigerians are now keeping their savings in stablecoins instead of bank accounts. Unlike Bitcoin, USDT doesn’t rise or fall much, it just mirrors the dollar, so it protects against naira depreciation. But then questions come up, can stablecoins really replace the role of banks? What about safety, regulations, and accessibility when someone needs cash quickly?