How cNGN Cracked the Regulatory Code: A Blueprint for African Stablecoins
Nigeria’s cNGN stablecoin cracked regulatory approval through year-long SEC collaboration, choosing “collaboration over confrontation.” Built on Bantu Chain and interoperable across Ethereum, Polygon, and Base, cNGN exploded from 4,400 to 300M tokens, powering DeFi, escrow, and lending apps on Quidax, Busha, and Xend Finance. As Africa Stablecoin Consortium’s blueprint, cNGN mentors future regulated stablecoins across the continent.