European and American VCs are still vying over compliance narratives, but real demand has long been driving in Latin America, Africa, and South Asia—26 million Nigerian users and half of Argentina’s transaction volume don’t lie.

Verda Ventures partner Alex Witt stated that although global stablecoin transaction volumes have exceeded $28 trillion in 2025, surpassing the combined total of Visa and Mastercard, stablecoin startups and venture capital remain primarily concentrated in the US and Europe, while real demand mainly comes from emerging markets. He noted that Nigeria has over 26 million crypto users, stablecoin trading accounts for more than half of exchange trading volume in Argentina, and stablecoin capital flows in Latin America have reached the equivalent of 7.7% of the region's GDP. Alex Witt believes that future stablecoin growth opportunities will come more from emerging markets such as Latin America, Africa, and Southeast Asia, rather than from European and American markets. (Decrypt)