Stablecoins Jump to Account for 95% of Yellow Card’s Volumes

Pan-African cryptocurrency exchange, Yellow Card Financial Inc., has seen a jump in the use of stablecoins on the continent as authorities develop regulation for the sector, Chief Executive Officer and Founder Chris Maurice said in an interview with Bloomberg TV.

Stablecoins now account for 95% of trade volumes on Yellow Card’s platform, Maurice said. Digital assets continue to attract attention in Africa, where six of the world’s top 20 crypto-adopter countries are, despite strained valuations in the industry over the past year.

WATCH: Yellow Card CEO Maurice comment on the sea change toward cryptocurrency trading regulation in Africa.

Source: Bloomberg

By design, stablecoins are digital assets that hold a steady value, in contrast to the price ...