The African Stablecoin Premium: Why USDT Costs More in Lagos Than London
· 5 min read
If you buy 1 USDT on a Nigerian exchange, you pay about 1,396 NGN. The official USD/NGN rate says it should cost 1,378 NGN. That 1.3% gap — the stablecoin premium — is a real-time measure of FX market friction.
In Ghana, the gap is even wider.