[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Obi [@Obyno90T](/creator/twitter/Obyno90T) on x 1007 followers Created: 2025-07-15 05:07:03 UTC What Is cNGN and Why It Matters The $cNGN is a digital currency pegged 1:1 to the Nigerian Naira (₦), created to solve inefficiencies in fiat transactions and unlock new possibilities for digital finance. It is fully compliant, backed by the Central Bank of Nigeria (CBN) and regulated under the Nigeria Securities and Exchange Commission (SEC) framework. Unlike volatile crypto assets, @cngn_co offers the stability of fiat with the speed and programmability of blockchain. cNGN is built on @rwaassetchain, a gasless, AI-integrated Layer X blockchain tailored for Real World Assets. This gives @cngn_co the ability to support high speed transactions with zero gas fees, ideal for DeFi, remittances, and micro payments. Whether you're trading peer-to-peer or interacting with decentralized apps, the cNGN is optimized for fast, affordable, and secure digital settlements. One of the key use cases of cNGN is through @xendfinance, a DeFi platform that allows users to save, earn yield, and even withdraw cNGN directly to their Nigerian bank accounts, no need for USDT swaps or P2P risk. The savings vaults on Xend app offer competitive APYs, making cNGN a practical tool for both individual users and cooperatives. The stablecoin integrates with cross-chain bridges, works seamlessly with banks, and brings transparency through daily proof-of-reserve reports. cNGN is not just a digital currency, it’s a foundation for economic empowerment, reducing dependence on USD stablecoins and strengthening the local currency. From borderless payments to tokenizing real-world assets, @cngn_co is a major step in digitizing Nigeria’s economy while ensuring compliance, transparency, and growth.  XXX engagements  **Related Topics** [cngnco](/topic/cngnco) [nigeria](/topic/nigeria) [bank of](/topic/bank-of) [finance](/topic/finance) [fiat](/topic/fiat) [nigerian naira](/topic/nigerian-naira) [currency](/topic/currency) [$cngn](/topic/$cngn) [Post Link](https://x.com/Obyno90T/status/1944987051197079781)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Obi @Obyno90T on x 1007 followers
Created: 2025-07-15 05:07:03 UTC
What Is cNGN and Why It Matters
The $cNGN is a digital currency pegged 1:1 to the Nigerian Naira (₦), created to solve inefficiencies in fiat transactions and unlock new possibilities for digital finance. It is fully compliant, backed by the Central Bank of Nigeria (CBN) and regulated under the Nigeria Securities and Exchange Commission (SEC) framework. Unlike volatile crypto assets, @cngn_co offers the stability of fiat with the speed and programmability of blockchain.
cNGN is built on @rwaassetchain, a gasless, AI-integrated Layer X blockchain tailored for Real World Assets. This gives @cngn_co the ability to support high speed transactions with zero gas fees, ideal for DeFi, remittances, and micro payments. Whether you're trading peer-to-peer or interacting with decentralized apps, the cNGN is optimized for fast, affordable, and secure digital settlements.
One of the key use cases of cNGN is through @xendfinance, a DeFi platform that allows users to save, earn yield, and even withdraw cNGN directly to their Nigerian bank accounts, no need for USDT swaps or P2P risk. The savings vaults on Xend app offer competitive APYs, making cNGN a practical tool for both individual users and cooperatives.
The stablecoin integrates with cross-chain bridges, works seamlessly with banks, and brings transparency through daily proof-of-reserve reports. cNGN is not just a digital currency, it’s a foundation for economic empowerment, reducing dependence on USD stablecoins and strengthening the local currency.
From borderless payments to tokenizing real-world assets, @cngn_co is a major step in digitizing Nigeria’s economy while ensuring compliance, transparency, and growth.
XXX engagements
Related Topics cngnco nigeria bank of finance fiat nigerian naira currency $cngn