cNGN: what it is and what can be measured

Stablecoin backed by currency reserves, issued by WrappedCBDC consortium.

A naira token issued by a Nigerian consortium and meant to be worth one naira, with the naira held in reserve at a bank the Central Bank of Nigeria regulates. It moves on public blockchains, so anyone can count how many exist.

How much exists

3.55 billion cNGN in existence worldwide, Read 2 hours ago, read from the issuer's own contracts.

Mostly on base (59.1%), bnb (25.4%), celo (10.5%).

This counts cNGN everywhere in the world. A public blockchain does not record which country a holder is in, so 20kobo cannot tell you how much of this is Nigerian, and does not guess.

Why a Nigerian investor might care

The only one of these four issued in Nigeria and denominated in naira, so its supply is the closest thing to a direct measure of regulated naira on public blockchains.

Information only, not advice about buying or holding anything.