CNGN and the Future of Stablecoins in Nigeria
In this episode of My Money Space, host Kalu Aja delves into CNGN, Nigeria's first regulated stablecoin, and what it signifies for the future of finance, digital payments, and economic inclusion in Nigeria and Africa at large. Kalu is joined by experts from the CNGN project, including representatives from Convexity, Interstellar, Alpha Geek Tech, and others involved in the development of this innovative fintech initiative. Together, they explore how CNGN is pegged 1:1 to the Naira, the role of blockchain in enabling seamless and low-cost transactions, and how this infrastructure could revolutionize cross-border trade, remittances, the gig economy, and even capital markets. The guests also tackle challenging questions around trust, regulation, programmability, financial privacy, and how stablecoins differ from CBDCs like the e-Naira. Developers and financial innovators are called upon to build solutions around CNGN to unlock its full potential across commerce, DeFi, and everyday financial use cases.
Speakers
Calabar Bitcoin Club
Charles
Chima