cNGN
What it does
cNGN is a Nigerian naira-backed stablecoin launched by the Nigerian Exchange Group (NGX). It is designed to provide a digital representation of the Nigerian naira for transactions on blockchain networks.
stablecoins
Known for
- CBN regulatory sandbox compliant Naira stablecoin
- Africa Stablecoin Consortium (ASC) consortium initiative
Model & industry
Infrastructure-as-a-Service (fintech rails)Banking & Financial Services