Mauritius Governor Warns Stablecoins Add Risks to African Payments

Mauritius central bank Governor Priscilla Muthoora Thakoor highlighted that while Africa's digital finance adoption is robust, high cross-border payment costs and reliance on offshore correspondent banks persist. She warned that growing stablecoin use in African payments could threaten monetary sovereignty, increase financial instability, and worsen market fragmentation.

This Wire brief sits within Fusion42's coverage of Fintech.