The Compliant Naira (cNGN) is one of the most talked-about stablecoins right now, and you can now trade it directly on Busha. We’ve added cNGN trading pairs with USDT and USDC, making it easy to buy, sell, and swap between the Nigerian stablecoin and two of the most popular dollar-backed stablecoins.
This means Busha is now your trusted home for cNGN on-ramp and off-ramp, giving you a simple way to move between naira and digital assets safely.
What is cNGN?
cNGN is a Naira-backed stablecoin that is pegged 1:1 with the Nigerian Naira. Simply put, 1 cNGN equals 1 naira, but it lives on the blockchain. This means you get the naira’s stability with crypto’s speed and flexibility.
Unlike coins like Bitcoin or Ethereum, which rise and fall in price, cNGN stays equal to the naira. That makes it useful for payments, savings, and trading without worrying about sudden price swings.
It is also Nigeria’s first regulated stablecoin, created to strengthen its financial system and make capital market operations more efficient in the digital age.
Why does trading cNGN with USDT and USDC matter?
USDT and USDC are the world’s most used stablecoins, pegged to the US dollar. By pairing cNGN with these two stablecoins on Busha, you now have more options:
Easier conversions between naira and dollar-backed assets.More trading flexibility if you want to move value in and out of Nigeria.A safe and compliant way to access cNGN.
This also makes Busha a key platform for people using cNGN for savings, remittances, and cross-border transactions.
Why use Busha for cNGN?
Busha is focused on making crypto compliant and straightforward for you. With cNGN now tradeable with USDT and USDC, you get:
Direct access to cNGN is provided through a trusted exchange.Fast deposits and withdrawals in naira.Secure trading with industry-standard safety.Peace of mind knowing you’re using a platform that puts compliance first.
Simply put, we’re here to ensure you can buy, sell, and use cNGN without stress.
How to start trading cNGN/USDT and cNGN/USDC
Getting started is quick:
Download or open your Busha app.Click on “My Wallets.”Search for cNGN.Choose to buy cNGN.You can make a one-time order, set a limit order, or create a recurring buy.Enter the amount you want to trade.Complete your order and you’re set.
That’s it. You can now swap between naira and dollar-backed stablecoins anytime and anywhere.
Final thoughts
cNGN is building momentum, and Busha is the best place to access it safely. With new cNGN/USDT and cNGN/USDC trading pairs, we’re giving you more ways to move your money easily between naira and stablecoins.
If you’ve been looking for a simple, compliant, and trusted way to use cNGN, Busha is your destination.
👉 Log in today and start trading cNGN on Busha.
The information provided in this post is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Busha provides the content on this blog on an “as is” and “as available” basis and makes no guarantees regarding the accuracy or completeness of any content hosted on this blog. We do not recommend any product/service and we invite our readers to conduct their own research and consult with a licensed financial advisor before making any investment decisions. Digital asset markets are highly volatile and involve significant risk. We expressly disclaim all liability for any loss incurred based on reliance on any content hosted on the Busha Blog.
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