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Currency woes underpin Mena preference for stablecoin

By Chris Hamill-Stewart
A cryptocurrency exchange shop in Istanbul, Turkey. Hyperinflation over the past few years has pushed Turks toward embracing cryptocurrencies Reuters/Murad Sezer
A cryptocurrency exchange in Istanbul, Turkey. Hyperinflation over the past few years has pushed Turks to use cryptocurrencies more

Mena crypto trade worth $338bn

Stablecoin makes up 52%

Highest adoption in Turkey

Cryptocurrency traders in the Middle East and North Africa prefer stablecoins over single crypto currencies like Bitcoin, data show.

Stablecoins made u...

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