Nigeria Sets US$11 Million Stablecoin Rule
Nigeria's central bank published licensing rules on 5 November 2026: dollar stablecoin issuers need about US$11.1 million and a Nigerian company. The post Nigeria Sets US$11 Million Stablecoin Rule appeared first on The Rio Times .
Nigeria's central bank, the Central Bank of Nigeria (CBN), has announced a new rule governing digital dollar stablecoins. Companies issuing these tokens must hold 15 billion naira (approximately US$11.1 million) in shareholder capital, with the capital residing in a Nigerian-based company. This rule applies equally to foreign issuers such as Tether and Circle, with no exemption granted.
The capital, separate from issuer reserves, must remain distinct from customer funds and operating liquidity. Failure to meet the capital requirement obliges the issuer to notify the CBN and submit a restoration plan within 10 business days.
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