Africa Soon to Introduce Stablecoin

As per the report, Africa is set to launch the first stablecoin built on Binance Chain which will be attached to the Nigerian fiat currency, the Naira. The whitepaper of the project has highlighted that “Africa Stable-Coins ($ABCD) is created at the time of withdrawal from $ABCD Collective and redeemed or “destroyed” at the time of deposit back.”

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