Breet creates API to allow Nigerian businesses receive stablecoin payments
When Nigerian businesses struggle with broken payment rails, stablecoins are filling the gap. From iShowSpeed paying a jeweller with crypto to Breet launching a stablecoin API, digital dollars are becoming real infrastructure
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Nigerian crypto platform Breet is rolling out an API that allows businesses to accept payments in stablecoins, marking its latest move beyond retail crypto users and into payment infrastructure for startups and enterprises.<br />
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The API is designed to enable businesses receive stablecoins such as USDT and USDC from customers, while handling settlement and conversion behind the scenes. For Breet, the push comes at a time when stablecoin usage is no longer just a consumer trend but an increasingly important payment rail for businesses operating in volatile, fragmented financial systems.<br />
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Across Nigeria and Africa, crypto transactions have grown steadily over the past few years. In 2024, stablecoins accounted for 43% of crypto transactions in sub-Saharan Africa.<br />
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Stablecoins now dominate crypto-based remittances across the continent, driven by inflation, FX scarcity, and cross-border settlement challenges.<br />
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The practical value of stablecoins has also played out in unexpected ways. Just recently, Internet personality iShowSpeed reportedly paid a luxury jeweller using stablecoins after traditional payment options failed, a small but telling example of how dollar-backed crypto can function as a last-mile payment solution when conventional rails break down.<br />
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For Breet, the API launch appears to be a response to this shift from crypto as an asset to crypto as infrastructure.<br />
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Why Nigerian businesses don’t accept stablecoins<br />
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Despite growing demand, it is hard to find payment gateways or physical stores that accept crypto payments. According to Breet, the reasons for this range from technical complexity to operational headache. <br />
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Accepting stablecoins requires monitoring blockchain networks, tracking confirmations, managing wallet infrastructure, and handling transaction fees across multiple chains. For businesses whose core product has nothing to do with crypto, this introduces a level of engineering complexity that is difficult to justify.<br />
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There is also the issue of operational risk. Ev...
