---
title: "Compliant Naira (cNGN) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/cngn-compliant-naira/"
description: "Build-time stablecoin profile for Compliant Naira (cNGN). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-18"
---



# Compliant Naira (cNGN)

**Peg:** Nigerian Naira

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

cNGN is issued by WrappedCBDC Ltd under Nigerian SEC oversight and backed 1:1 by naira reserves held in approved commercial banks, giving the entry a more specific SEC-supervised status than a generic Nigeria jurisdiction.

## Collateral

Naira reserves held 1:1 against outstanding cNGN, comprising deposits at licensed Nigerian commercial banks plus naira money-market funds and short-term FGN treasury bills, verified by monthly independent attestations

## Peg Mechanism

Issuer-managed mint and redemption path designed to maintain 1 cNGN = 1 NGN through naira reserves and compliant transfer rails

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Nigeria | Securities and Exchange Commission Nigeria | SEC-supervised regulated digital asset |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| base | `0x46c85152bfe9f96829aa94755d9f915f9b10ef5f` | 6 |
| ethereum | `0x17cdb2a01e7a34cbb3dd4b83260b05d0274c8dab` | 6 |
| bsc | `0xa8aea66b361a8d53e8865c62d142167af28af058` | 6 |
| polygon | `0x52828daa48c1a9a06f37500882b42daf0be04c3b` | 6 |
| solana | `3jiqwBQVRC5zRwHyqvnkQurebJ5RNxg3F5fXMwaxgkv8` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/cngn-compliant-naira.