{
  "id": 17881390,
  "title": "Asset managers, banks consider stablecoin services",
  "url": "https://urgent.news/2026/11/03/asset-managers-banks-consider-stablecoin-services-17881390",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T00:41:57.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/asset-managers-banks-consider-stablecoin-services/"
  },
  "original_language": "en",
  "account": "Banks, asset managers, and financial technology firms are exploring the provision of stablecoin and digital asset services to customers as cryptocurrency adoption increases in Nigeria, according to Buchi Okoro, Co-Founder and CEO of Quidax. This trend could elevate digital assets beyond individual traders and integrate them into mainstream financial services, including cross-border payments, transactions, and money transfers. Quidax aims to provide necessary infrastructure and regulatory support to institutions and businesses entering the market, with a focus on compliance, transparency, and customer trust. Okoro shared these insights at a recent Quidax-hosted event on stablecoins and digital assets in Lagos, which gathered regulators, fintech executives, industry leaders, legal and audit professionals. Okoro emphasized that Quidax's focus over the next five years is on supporting the ecosystem by offering infrastructure, business education, and adherence to professional standards. The surge in stablecoin adoption in Nigeria is driven by the currency's role in facilitating cross-border transactions and accessing dollar-linked assets through cryptocurrency platforms.",
  "summary": "Nigerian banks, asset managers, and fintechs are considering offering stablecoin services as cryptocurrency adoption expands, says Quidax CEO Buchi Okoro. Read More: https://punchng.com/asset-managers-banks-consider-stablecoin-services/",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}