7 results for “stablecoin”
A circular dated November 5 requires naira-backed issuers to hold N10 billion in paid-up capital, dollar-pegged issuers N15 billion, with 100 per cent reserves, next-day redemption and no offshore exemption.
The Nigerian-founded stablecoin payments company gains direct Brazilian operations with Pix collections and stablecoin settlement across the trade corridor.
Quidax is pivoting to serve banks and asset managers as stablecoins become a core settlement rail for Nigeria's dollar payments and savings.
Google Pay has launched in Nigeria for eligible cardholders, adding the world's largest digital wallet platform to the country's payment mix, with industry speakers describing stablecoins as the next frontier for faster cross-border payments.
Digital dollar tokens promise faster, cheaper settlements, but regulation, reserve risk and conversion costs remain unresolved.
Bank of Ghana governor Johnson Asiama says Ghana is in talks with more than 10 African countries on payments interoperability, building on pilots with Nigeria and Rwanda involving CBDCs, stablecoins and mobile wallets.
Nigeria-founded fintech Yellow Card has launched in Canada weeks after closing a $40 million funding round, as it pivots from consumer crypto trading to business-to-business stablecoin payments across emerging markets.