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Nigeria?s top banks collaborate on new cNGN stablecoin

Posted on 12/24/2023

Nigeria?s top banks collaborate on new cNGN stablecoin

The cNGN serves as a complement, not a substitute, for the eNaira. Unlike the eNaira, created by the Central Bank of Nigeria (CBN) with broader capabilities, the cNGN is overseen by a consortium involving Nigerian banks.

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