Nigeria’s cNGN stablecoin to transform digital currency scene

The Central Bank of Nigeria (CBN) has officially approved the cNGN stablecoin, marking a significant development in the country’s cryptocurrency industry. This approval, granted on January 4, 2024, paves the way for the Africa Stablecoin Consortium (ASC) — a collaboration of Nigerian banks and fintech companies — to launch the new stablecoin on February 27,…

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