Nigeria's Central Bank Approves cNGN Stablecoin Launch amid CBDC Concerns

cNGN will go live on February 27, 2024.

This stablecoin aims to transform the Nigerian naira into a global currency.

It aims also to build a future-proof financial system that leverages technology to streamline transactions and enhance security. The ASC envisions a future where cryptocurrencies complement traditional finance, creating a robust, inclusive, and future-proof financial landscape.