A Naira-backed stablecoin that facilitates trading on the Asset Chain decentralized exchange.
SMC DAO acquires Nigerian crypto startup Bread Africa in six-figure deal
SMC DAO acquired Bread Africa in an undisclosed all-cash six-figure deal. The acquisition reflects the ongoing consolidation in Nigeria's digital asset ecosystem.
After raising $5.5 million for Hyperbridge, Polytope Labs wants to build for Nigerian fintechs too
Polytope Labs plans to expand its products beyond Web3, courting traditional financial institutions. The new liquidity solution is designed to help cross-border and remittance companies with liquidity bottlenecks.
Roqqu is the latest Nigerian crypto startup to list the cNGN stablecoin
Roqqu has listed the compliant Naira (cNGN), a stablecoin pegged 1:1 to the local currency. The cNGN stablecoin has ₦604 million ($395,000) in circulation and is minted across six blockchains.
Asset Chain launches P2P blockchain trading platform with zero fees
Asset Chain launched a Layer-1 blockchain to facilitate safer trading of digital and real-world assets in Nigeria. The new decentralized exchange (DEX) allows users to trade USDT and cNGN without transaction fees.
A functioning local stablecoin strengthens case for digital asset regulation, says Luno Nigeria CEO
Nigeria is recognized as a top market for crypto transactions. The Nigerian government has stalled on accepting cryptocurrencies as a means of digital exchange during the last administration.
