StablecoinsNov 9, 2026
Nigeria bans algorithmic stablecoins and licenses tokenized deposits
The CBN's Nov 5 regulations cap algorithmic coins out, set 10bn and 15bn naira capital floors, and bring tokenized bank deposits under licensing.
4 min read
The oldest RWA at scale, and the closest neighbor of tokenized everything else.
The CBN's Nov 5 regulations cap algorithmic coins out, set 10bn and 15bn naira capital floors, and bring tokenized bank deposits under licensing.
Twenty-one institutions committed Sept 1 to a stablecoin company targeting H1 2027. On its Q3 call, Wells Fargo's CEO said US use cases remain unclear.
The OCC gave Ripple final approval for a national trust bank Oct 26. A day later RLUSD, at $2.5B, went live across Robinhood's chain, Bitstamp and settlement.
SoFi launched SOFIE, a 4.40% APY tokenized bank deposit, on Oct 22. GENIUS bans stablecoin yield. The OCC confirmed tokenized deposits are exempt.