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TechFlow news, on February 8, according to BTCTN, Nigeria has launched its first regulated stablecoin, cNGN. The stablecoin has already gone live on two exchanges and has entered the Securities and Exchange Commission (SEC)'s incubation program.
According to Nigerian Senator Ihenyen, this Nigerian Naira-pegged stablecoin will enable faster, lower-cost, and more secure cross-border payments.
Nigeria has launched its first regulated stablecoin, cNGN. The stablecoin has already been listed on two exchanges and has entered the Securities and Exchange Commission (SEC)'s incubation program. According to Nigerian Senator Ihenyen, this naira-pegged stablecoin will enable faster, lower-cost, and more secure cross-border payments.
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