Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Nigerian Bank to Launch Compliant Naira Stablecoin cNGN in 2024

Nigerian Bank to Launch Compliant Naira Stablecoin cNGN in 2024

CointimeCointime2023/12/28 02:58
By:Cointime

cNGN stablecoin, jointly developed by Nigerian banks, fintech companies, and blockchain companies, is scheduled to be launched in 2024. cNGN will be pegged 1:1 to the Naira, becoming a legal tender held by banks. Unlike the eNaira, cNGN is a cryptocurrency maintained by a bank alliance, aiming to simplify the international transfer of Naira and regulated by the Central Bank of Nigeria and the Securities and Exchange Commission. The launch of cNGN is expected to have an impact on currency policy and market dynamics in 2024.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!