cNGN

cNGN (Compliant Naira) is a Nigerian naira stablecoin issued by Convexity, on 4 chains. Supply is 4.41B NGN ($3.21M), +17.6% in 30 days.

NGN · AfricaConvexitySupply read onchain
Supply
$3.21M
4.41B NGN
Trading volume
$349.76K
DEX pools, last 30 days.
Transfer volume
$17.95M
Sep 2026, full month
Active addresses
10.9K
Sep 2026, full month

Monthly supply by chain

By chain · USD · trading price when there is one, otherwise today's FX rate

$0$2M$4MAUG 26SEP 26OCT 26

Supply

USD · since 31 Dec 2024

$0$1.00M$2.00M$3.00M$4.00MAPR 26JUL 26OCT 26

cNGN · USD/NGN

Rate

1372.55

USD/NGN. The pool price, written as a rate.

Gap to the market rate

-26 bps

A price we measured.

Gap vs market rate

3 months. Measured from 11 Sep.

−100 bps−50 bps0+50 bps+100 bps1 AUG15 AUG1 SEP15 SEP1 OCT15 OCT

Buys vs the Wise hourly rate.

Cost to convert

What a swap costs vs the market rate, fee and price impact included.

Trade sizeUSD → NGNNGN → USD
$1k-19 bps+32 bps
$10k+30 bps+81 bps
$50ktoo thintoo thin

bps = basis points. 100 bps = 1%.

Apps and protocols

Apps that support cNGN

Trading

DEXChainsVolume, 30 days
UniswapBase, Celo, BSC$300.83K
AerodromeBase$25.19K
OrcaSolana$23.74K

Pools we track on GeckoTerminal, 1 Oct–30 Oct 2026.

Lending, payments and other apps: not published yet.

Verify and integrate

Convexity:

Not found: Licence.

How to get cNGN

Who can mint
Businesses only
Mint
A registered merchant deposits Naira on the official cngn.co platform; an equivalent amount is minted 1:1 on the merchant's chosen chain.
Redeem
Registered merchants redeem cNGN back to Naira via cash reserves and short-term securities held in local banks.
Payment rails
Not confirmed

Compiled 23 Sep 2026 from public issuer information (techpoint.africa, businessday.ng, mariblock.com). Not advice. Confirm with the issuer before sending funds. Report a correction.

cNGN contract addresses (4)

As listed on docs.cngn.co/guides/contract-addresses ↗

As listed on docs.cngn.co ↗

Each address opens in that chain's block explorer.

Not confirmed by the issuer yet. Issuers can request a check →

FAQ

What is cNGN?
Compliant Naira (cNGN) is a Nigerian naira stablecoin issued by Convexity and backed by fiat reserves. 4.41B NGN is in circulation on 4 chains; 54.8% is on Base.
How do I mint or redeem cNGN?

Mint: A registered merchant deposits Naira on the official cngn.co platform; an equivalent amount is minted 1:1 on the merchant's chosen chain. Redeem: Registered merchants redeem cNGN back to Naira via cash reserves and short-term securities held in local banks. Who can mint directly: businesses only. Compiled 23 Sep 2026 from public issuer information; confirm with the issuer before sending funds.

Sources: techpoint.africa · businessday.ng · mariblock.com

Where does the cNGN supply figure come from?
Read from the cNGN contracts on every chain we track. Bridged copies are counted once.
How is the cNGN gap measured?
Its latest USD price (from its pool, or DefiLlama) is compared with the latest market rate for NGN (Wise mid-market, from Reuters) where we have it, else the ECB reference rate. The stablecoin page, the NGN page and the FX page use the same rate, so they show the same gap. Zero means exactly at the market rate, + means it costs more USD than the market rate, − less; 100 bps = 1%.
Why is cNGN shown in USD?
cNGN has a trading price ($0.00073, from its Uniswap v3 pool on Celo), so its supply is shown in USD at that price.
Where does this data come from?
Supply
We read cNGN's supply from its contracts on Base, BSC, Celo and Solana every day. DefiLlama doesn't list cNGN, so there is no second figure to compare with.
By chain
Base 54.8% ($1.76M), BSC 36.9% ($1.19M), Celo 4.3% ($138.91K), Solana 2.3% ($74.13K)
Price
Price from the Uniswap v3 cNGN/USD₮ pool on Celo (0.01% fee). The pool's smaller side holds $89.23K. View pool ↗
History
Read from the token contracts: one reading per month end from 2024-12-31, then one a day from 2026-05-31.