Africa’s De-Dollarization Push Meets Reality: Dollar Resilience, Stablecoin Rise Shape Future

Global interest in de-dollarization has surged, yet tangible progress remains elusive amid political and strategic hurdles. VALR co-founder Badi Sudhakaran contends that USD-based stablecoins could outperform the African Union's PAPSS initiative for cross-border payments. The dollar's enduring dominance continues to thwart de-dollarization efforts, with stablecoins emerging as a pragmatic alternative.

Market dynamics reveal a growing preference for crypto-backed solutions over traditional monetary reforms. The resilience of the dollar, coupled with the rise of stablecoins, underscores the challenges facing Africa's de-dollarization ambitions. Strategic adoption of digital assets may prove more effective than bureaucratic frameworks in reshaping cross-border finance.