DeFi Technologies invests in Continental Stablecoin Inc. (cNGN supporter) to accelerate the adoption of regulated stablecoin in Africa
Source: CoinWorld
Time: 2025-09-16 19:37:16
DeFi Technologies invested in Continental Stablecoin Inc. through the SAFE protocol, joining hands with Coinbase Ventures and Adaverse to support regulated local currency stablecoins in Africa, including Nigeria's cNGN. Driven by demand for USD-linked assets and cross-border payments, Nigeria has 25.9 million users and a penetration rate of 11.9%, leading the global stablecoin application field. cNGN stablecoins have 602.9 million in circulation, and more than 75,000 on-chain transactions have been processed.