The launch of the first stable digital currency in Africa based on the Binance Blockchain
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Answer The launch of the first stable digital currency in Africa based on the Binance Blockchain
The cryptocurrency NGNT has previously appeared, based on the value of the 1:1 Nigerian Naira, which was built on the Stellar blockchain, as he points out. Source.
Then, the launch of the first stable digital currency in Africa based on the Binance Blockchain was announced, and it would be a stable currency that can be used throughout Africa.
The startup “Bit Sika & Linova Capital” which is engaged in crypto money transfer in Ghana will launch this stablecoin in Ghana.
In addition, 9 exchanges including “Busha” and “Bitmama” will support this stablecoin in Africa.
The new African stable cryptocurrency bears the designation “ABCD” and its white paper can be found at Link.
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ABCD’s mission is to increase the liquidity of the Nigerian Naira digital currency and other digital currencies.
Furthermore, this stablecoin will be the first of its kind as its value is pegged by the Nigerian Naira and built on the Binance blockchain.
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