African businesses adopt stablecoins to manage currency risk 

They said dollar-backed digital assets were helping businesses preserve value and settle cross-border transactions more efficiently as foreign exchange constraints persisted across several African markets.

They said stablecoins offered faster and lower-cost cross-border transfers while providing access to digital dollar liquidity in markets where foreign exchange remained constrained.

Panel members said businesses also faced difficulties accessing foreign exchange through official channels, increasing the cost of meeting international payment obligations.