A Naira-backed stablecoin that facilitates trading on the Asset Chain decentralized exchange.
Why trust and attestations are non-negotiable for stablecoins, especially in Africa
Kenneth J. Arrow emphasizes that trust is a fundamental element in commercial transactions. Countries like China and the US exhibit higher trust levels compared to South Africa, Nigeria, and Ghana.
Unlike eNaira, cNGN is growing and has surpassed $15M in TTV. Here is what’s powering that growth
eNaira facilitated only about 855,000 transactions worth about $18.3 million in 28 months. cNGN is on track to eclipse eNaira's transaction volume in just one-third of the time.
Roqqu is the latest Nigerian crypto startup to list the cNGN stablecoin
Roqqu has listed the compliant Naira (cNGN), a stablecoin pegged 1:1 to the local currency. The cNGN stablecoin has ₦604 million ($395,000) in circulation and is minted across six blockchains.
Asset Chain launches P2P blockchain trading platform with zero fees
Asset Chain launched a Layer-1 blockchain to facilitate safer trading of digital and real-world assets in Nigeria. The new decentralized exchange (DEX) allows users to trade USDT and cNGN without transaction fees.
A functioning local stablecoin strengthens case for digital asset regulation, says Luno Nigeria CEO
Nigeria is recognized as a top market for crypto transactions. The Nigerian government has stalled on accepting cryptocurrencies as a means of digital exchange during the last administration.
