The Africa Stablecoin Consortium (ASC) is in early talks with Roqqu and Yellow Card to list cNGN, Nigeria’s first regulatory-approved stablecoin. While the stablecoin has already secured listings on Busha and Quidax, expanding to larger exchanges is crucial for its remittance and cross-border transaction use cases.
However, major exchanges remain hesitant, citing low demand, compliance concerns, and financial backing as key barriers. Without widespread adoption, cNGN faces an uphill battle in a market where traditional Naira transfers are already fast and efficient.
Will Nigeria’s first compliant stablecoin gain traction, or will it struggle to prove its value? Read the full news here: TechCabal