Celo: cNGN goes live on the network - 06 Aug 2026

Celo's announcement says cNGN is live on Celo as of 06 Aug 2026, backed 1:1 by Naira reserves. The stablecoin supports applications including lending, payments, remittances, and onchain foreign exchange.The deployment adds a Nigerian naira rail to Celo's stablecoin ecosystem. It gives applications on the network a local-currency asset for the listed payment, remittance, lending, and onchain FX uses, expanding the network's stated functionality in a regional market.The announcement confirms availability and reserve backing, but does not show application uptake, transaction volume, or demonstrated changes in usage.JUST IN: , Nigeria's first regulated Naira stablecoin, is live on Celo, the most widely adopted network for stablecoin payments!Backed 1:1 by Naira reserves, cNGN will power applications incl. lending, everyday payments, remittances & onchain FX w/