CBN, banks, to launch stablecoin pegged to unstable naira

eNaira will not disrupt banks, Fintechs out of existence – CBN

As the launch of the digital naira (e-Naira) draws near, Nigeria is set to join countries like China

The federal government has said that Nigerian banks and other fintech companies are set to launch the cNGN stablecoin on February 27, 2024. The stablecoin backed by the Central Bank of Nigeria (CBN) will be pegged 1:1 to the highly unstable naira. The naira is currently the worst-performing cur

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