Nigeria’s cNGN stablecoin set to challenge eNaira dominance

Nigeria, Africa’s crypto hub, is enthusiastic as the Central Bank of Nigeria (CBN) prepares to launch the cNGN stablecoin. This novel digital currency, backed by a consortium of Nigerian banks and fintech companies, aims to offer a viable alternative to the struggling eNaira, Nigeria’s central bank digital currency (CBDC).  As the nation’s crypto community eagerly […] source: https://www.cryptopolitan.com/nigerias-cngn-stablecoin-to-challenge-enaira/