Last year there was controversy when the Africa Stablecoin Consortium (ASC) confirmed plans to launch a Nigerian stablecoin in association with banks. It turned out that it jumped the gun. Now an ASC affiliate has finally launched a public pilot for the cNGN stablecoin, regulated by the Securities and Exchange Commission(SEC) as part of its Regulatory Incubation Program. However, there’s no mention of bank involvement, just a few fintechs. Users can buy the stablecoin direct or via exchanges...