Blockradar Hits $1B Milestone as Stablecoins Gain Traction

Nigerian stablecoin wallet infrastructure provider Blockradar has announced it has processed over $1 billion in transaction volume. This marks a significant milestone for the company and signals growing mainstream adoption of stablecoins across Africa.

Rapid Growth Trajectory

Founded in late 2024, Blockradar’s growth has been remarkable. From processing just $100 million annually, it reached $305 million by December 2025 with nearly 500,000 transactions and over 97,000 wallets issued.

The company’s API allows fintech businesses to integrate stablecoin functionality—including issuing wallets, managing payments, conducting AML checks—without building complex blockchain infrastructure from scratch. This has attracted early adopters like cross-border payment platforms, gig economy apps, and neobanks seeking to offer modern financial services.

From Previous Setback to Infrastructure Success

Blockradar’s founder Abdulfatai Suleiman previously led Lazerpay, a crypto payment gateway that shut down during the 2023 market downturn. Drawing on this experience, he created Blockradar as a more sustainable solution—providing reliable, programmable infrastructure for stablecoins.

Riding the Stablecoin Wave

Blockradar’s success aligns with broader trends in Africa where:

  • A YouGov survey found that 95% of Nigerians prefer receiving payments in stablecoins rather than local currency
  • Sub-Saharan Africa received over $205 billion in on-chain crypto value between July 2024 and June 2025 (up 52% year-over-year)
  • Nigeria processed nearly $22 billion in stablecoin transactions through platforms like Blockradar

This demand reflects practical experiences with currency volatility, limited dollar access, and the proven resilience of crypto wallets during economic stress periods.

With industry giants like Mastercard acquiring stablecoin infrastructure providers, Blockradar’s journey demonstrates how specialized B2B solutions can quietly build to significant scale while serving the evolving needs of African fintech ecosystems.