Nigeria is creating and regulating cNGN stablecoin
Major banks in Nigeria are collaborating to create and regulate the cNGN stablecoin, a new type of digital currency aimed at providing benefits for token holders and the Nigerian economy. According to an anonymous source within the project, the cNGN token is fully backed, ensuring a direct correlation with every Naira held by these leading banks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zilliqa and GOAT Collaboration Simplifies AI dApp Development
Retail Interest in Bitcoin Subdued Despite Price Surge – Should we be Concerned?
Bitcoin Set for Explosive 2025: How HODLers and FOMO Traders Are Driving the Market
Intesa Sanpaolo Enters Bitcoin Market with Strategic Investment
Intesa Sanpaolo, Italy's largest bank, has made its first proprietary Bitcoin transaction, acquiring 11 BTC for €1 million, marking a significant move into the digital asset space.