The public record of our measurements.
Africa’s stablecoin economy, measured wallet by wallet and published with the method attached. Every figure here is dated, permanent and traceable to an on-chain sweep — not a survey, not a self-reported number, not an estimate. Free to cite with attribution.
Every note, newest first
55 notes · 18 milestones · 13 coverage notes · 9 recaps · 13 analyses · 2 Gradient notes
- MilestoneCoverage 2025 – Q2 2026
Breet crosses $20M
Breet has crossed $20M in retail stablecoin volume across 13,644 wallets — and half of it landed in a single quarter. At 10.8% of all retail flow in our coverage, it is now one of the largest venues we track.
$20.3Mlifetime retail volume - MilestoneCoverage 2024 – Q2 2026
Bayse Markets crosses $1M
Bayse Markets has crossed $1M in retail stablecoin volume — the first prediction market in our coverage to do so. 44% of everything it has ever moved landed in the last quarter alone.
$1.03Mlifetime retail volume - MilestoneMarch 2023 – July 2026
Native African stablecoins cross $1 billion
Native African stablecoins have crossed $1 billion in on-chain transfers. The cast that moved the first $800M is not the one that pushed it over the line — H1 2026 flipped both the leading token and the settlement chain.
$1.0027Blifetime transfer volume - CoverageCoverage Mar 2025 – Jul 2026
Newly mapped: SFx
SFx is now mapped end to end — $894K in lifetime retail stablecoin volume across 1,086 wallets. It is the first venue in our coverage where Polygon dominates, carrying 85% of flow.
$894Klifetime retail volume - CoverageCoverage Jul 2025 – Jul 2026
Newly mapped: Onboard Global
Onboard Global is now mapped end to end — $10.7M in lifetime retail stablecoin volume from zero in 13 months. Its top ten wallets hold 63% of volume, the least concentrated venue in our coverage.
$10.7Mlifetime retail volume - MilestoneCoverage Mar 2025 – Jul 2026
Paj Cash crosses $1M
Paj Cash has crossed $1M in retail cashout volume. At a $21 average ticket it has the smallest cashout of any venue we track — and 96.6% of it is funded straight from users' own wallets.
$1.04Mlifetime cashout volume - CoverageCoverage Dec 2024 – Jul 2026
Newly mapped: Evolution
Evolution is now mapped end to end — $1.05M in lifetime retail stablecoin volume across 1,492 wallets and seven chains. Money flows both ways: 84 cents leaves for every dollar that arrives.
$1.05Mlifetime retail volume - CoverageCoverage as of Q2 2026
Newly mapped: Timon
Timon is now mapped end to end — $3.7M in lifetime retail stablecoin volume across 3,677 wallets and five chains. A $60 median deposit sits under a tail where ten wallets hold 82% of the money.
$3.7Mlifetime retail volume - AnalysisJune 2026
Breet's growth streak ended in June 2026
Breet recorded its first monthly decline after eight straight months of gains in our coverage. Retail volume fell to $3.0M, down from a record $3.4M in May.
$3.0MJune retail volume - AnalysisJune 2026
Spenda's growth streak ended in June 2026
Spenda recorded its first monthly decline after 11 straight months of gains in our coverage. Retail volume fell to $6.4M, down from a record $7.6M in May.
$6.4MJune retail volume
What we commit to on every note we publish.
Attributed, not estimated
Every figure traces to an on-chain sweep of addresses we have verified and labelled, wallet by wallet. Nothing here is extrapolated from a survey, a funding round or a company’s own disclosure.
Stated, or it doesn’t publish
Each note carries a method statement naming what was measured and what was excluded. A note without one fails the build. See the methodology for attribution, clustering and sweeps.
Revised in the open
A published figure is never silently edited. When one changes, the note carries a dated correction and the original stays legible. A visible correction record is an asset, not an embarrassment.
Free to cite with attribution. No embargo, no approval, no email required — in an article, a filing, a deck or a paper. Every note carries a ready-made citation, a BibTeX entry and the attribution line to copy. Machine-readable via RSS.