[Tree] Reshaping Nigeria's financial sector through the launch of the cNGN stablecoin

Version 0.02 (2024-01-06 08:15:52.802000)

updates: The Central Bank of Nigeria (CBN) is supporting Nigerian banks and fintech companies to launch the cNGN stablecoin on February 27, 2024. The stablecoin will be pegged 1:1 to the naira and will allow users to transact anywhere in the world using the naira. It aims to eliminate the challenges of currency conversion and international transaction fees. The cNGN is managed by the Africa Stablecoin Consortium (ASC) and is currently interoperable with strategic blockchains like Bantu and Binance Smart Chain. The stablecoin is part of the CBN's efforts to ensure the naira becomes a stable currency that can be relied on by investors and users globally.

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Version 0.01 (2024-01-06 02:35:14.412000)

updates: The approval and impact of the cNGN stablecoin launch

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Version 0.0 (2023-11-27 06:49:20.694000)

updates:

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