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.
- Roqqu is awaiting a provisional crypto licence from Nigeria’s SEC, indicating growing acceptance of cNGN.
Roqqu's strategic focus on grassroots engagement and community-driven initiatives could significantly enhance the adoption of cNGN. However, the slow retail adoption and regulatory hurdles pose challenges that need to be addressed for long-term success. The partnership with Flitaa opens new avenues for cross-border transactions, which could be a game-changer in the region.
