Homepage > News > Finance > Nigeria’s first local stablecoin launches Nigeria’s first local stablecoin, cNGN, was officially launched on local exchanges just a month after the country’s central bank gave it the green light. cNGN, which touts itself as the first regulated stablecoin in Africa, is available for purchase on the two licensed digital asset exchanges in Nigeria: Quidax and Busha. Licensed individuals and corporations can also purchase the stablecoin directly from the issuer, acc...

Nigeria’s Interpol recently held a meeting with stakeholders in the blockchain and cybersecurity industries to discuss ways to combat ‘crypto’ crime. Interpol invited the African Stablecoin Consortium (ASC) and local blockchain analytics firm A&D Forensics to train its agents on digital asset crime. ASC comprises commercial banks and fintech developing cNGN, a naira-pegged stablecoin seeking to compete against the eNaira. The Africa Stablecoin Consortium and A&D Forensics were...