*cNGN: Nigeria’s First REGULATED STABLECOIN Explained* BusinessDay Newspaper February 20, 2025 https://businessday.ng/technology/article/cngn-nigerias-first-regulated-stablecoin-explained/ *......cNGN, meaning Compliant Naira, is a STABLECOIN that is pegged 1:1 to the Nigerian Naira. This means that 1 cNGN always equals 1 Naira, making it a stable digital representation of Nigeria's currency* *cNGN was developed by the Africa STABLECOIN Consortium (ASC), a partnership of Nigerian banks, fintech firms, and blockchain companies.* *Key Features of cNGN Stablecoin:* Regulated – *Issued under Nigeria’s financial regulations.* *A Step Toward Crypto-Friendly Regulation* Blockchain-based – *Works on decentralised financial platforms.*