Nigerian Bank to Launch Compliant Naira Stablecoin cNGN in 2024
cNGN stablecoin, jointly developed by Nigerian banks, fintech companies, and blockchain companies, is scheduled to be launched in 2024. cNGN will be pegged 1:1 to the Naira, becoming a legal tender held by banks. Unlike the eNaira, cNGN is a cryptocurrency maintained by a bank alliance, aiming to simplify the international transfer of Naira and regulated by the Central Bank of Nigeria and the Securities and Exchange Commission. The launch of cNGN is expected to have an impact on currency policy and market dynamics in 2024.
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
TRX Eyes $1.11 Target with Potential 444% Surge
TRX continues its bullish momentum and could reach $1.11, with a potential 444% upside based on log-measured targets.TRX Holds Strong Gains, Eyes $1.11 TargetWhy TRX’s Bullish Trend Could ContinueCan TRX Reach $1.11?
Ethereum’s Most Hated Rally is Imminent
Ethereum's weekly Stochastic RSI signals a bullish breakout. Is another rally on the horizon? Find out what history suggests!What is the Stochastic RSI Saying?History Repeating Itself?Market Sentiment: Still Bearish?
Top 9 Token Unlocks of the Week (February 24 – March 1)
Over $1.87 billion in crypto will be unlocked this week
SHIB Sees Dramatic 79% Decline in Whale Moves Despite Year's 65% Gains
Trending news
MoreCrypto prices
More
