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THREAD: Why Nigeria's (also global) stablecoin adoption is broken (and how we fix it)
Nigeria leads the world in stablecoin adoption.
25.9M holders.
Billions in transactions yearly.
But here's the paradox nobody's talking about:
They can't actually spend it.
UnioGate | Pre-launch retweeted
I have been building @uniogateapp with the best team for some months now, and | learned a couple things along the way...
First, writing codes don't matter if you don't validate your product to see if it's even scalable: Nowadays founders spend a lot of time on the product than the people who want to use the product.
At UnioGate we were able to speak with 82 merchants that met our customer persona, and over 100+ Stablecoin holders before we wrote our first line of code and that helped us understand what really mattered, not what sounded cool...
I'll be sharing more of what I uncovered while building UnioGate...
What's another way to validate a product?
We’re live producthunt.com/posts/unioga…
UnioGate is live and launching on @ProductHunt... (Sept 30th, 2026)...
If you're following the project, we'd love your support.
producthunt.com/products/uni…
UnioGate is live and launching on @ProductHunt... (Sept 30th, 2026)...
If you're following the project, we'd love your support.
producthunt.com/products/uni…
UnioGate | Pre-launch retweeted
I'm writing this a few days later because the initial rush wore off and I wanted to be honest about what actually happened.
Walking in, I was nervous. You prepare for months, and then you get 1 minute to convince judges your idea matters. But something shifted once I started talking.
I didn't pitch UnioGate. I explained the problem.
I told them that Nigeria leads the world in stablecoin adoption, but merchants can't accept it. Millions of people holding USDT and USDC are stuck in wallets because the friction is too high. Every conversion costs 2-3%. Every settlement takes days. Every rate swing is money lost.
That's not a pitch. That's just reality. And when judges hear reality instead of deck polish, they respond differently.
What struck me after the rounds ended wasn't the yes votes. It was the questions. They weren't asking about features, unit economics, or go-to-market strategy. They were asking about the merchants. About whether I'd actually talked to them. About whether the problem was as real as | said.
That's when I knew they got it. They weren't betting on a product. They were betting on whether I understood the market well enough to solve it.
Three weeks of pilots with merchants have validated what we pitched. They're asking when they can use this at scale. That matters more than the yes votes.
The real work starts now. Building. Shipping. Proving that we can turn a real problem into a real solution.
We didn't make it to the boot camp but we won the hearts of the judges ❤️










