Quidax joins Busha to list SEC-regulated cNGN stablecoin amid crypto push
- Quidax received a provisional license in August 2024.
- cNGN, Nigeria's first regulated stablecoin, was listed by Quidax on March 12.
- The SEC oversees the rollout of cNGN, indicating a shift towards integrating crypto into the financial system.
The introduction of cNGN could significantly impact the Nigerian crypto landscape, but its success hinges on user adoption and the ability to demonstrate unique advantages over existing fiat options. The skepticism from some users highlights the need for clear communication of cNGN's benefits to encourage broader acceptance.
