Nigeria has launched its first compliant stablecoin cNGN and has become part of the country's SEC incubation program

ChainCatcher news, according to Bitcoin.com News, Nigeria has launched its first compliant stablecoin cNGN. The stablecoin has been listed on two exchanges and has entered the incubation program of the Securities and Exchange Commission (SEC).

According to Nigerian Senator Ihenyen, this stablecoin pegged to the Nigerian Naira will enable faster, lower-cost, and safer cross-border payments.