Nigeria Sets $11.16M Capital Requirement for Foreign Stablecoin Issuers 

Nigeria’s Central Bank (CBN) has introduced capital and licensing rules requiring issuers of foreign-currency stablecoins, including dollar-pegged tokens such as USDT and USDC, to hold at least ₦15 billion ($11.16 million) in paid-up capital. The framework sets a ₦10 billion limit for naira-backed stablecoin issuers and requires foreign issuers to operate through locally incorporated, licensed […] Read The Full Article Nigeria Sets $11.16M Capi…