Digital money in Nigeria

Stablecoins and the digital naira: what exists, who issues it, and what can honestly be measured. These are worldwide figures — a public blockchain records tokens, not countries, so none of them measures Nigerian activity on its own.

cNGN

Stablecoin backed by currency reserves. 3.55 billion cNGN in existence worldwide.

eNaira

Central bank digital currency. Not measurable from a public ledger.

USDT

Stablecoin backed by currency reserves. $183.82 billion in existence worldwide.

USDC

Stablecoin backed by currency reserves. $74.13 billion in existence worldwide.