C•S•A°|•(シー・エス・エー )

Mechatronics Engineering •-/ Web3 \-•
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Building @NumPayID

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

It's time for the wins 😮‍💨

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@realwolog Congrats bro

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@lifeofedi_ I don loose my own I dey road of finding it

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

Welcome back Brodsky 🫡

[BIG WEBBER @MrBigwebber]

What's up Top Chads❤️?

If you recognize this account, this is an avenue for us to link up again and it'd be much appreciated chads❤️🎉

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@dmericliu Do you mind if I send a DM ?

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@calm_Joe32 @EyenMonday @Talkmanunitedfc @twitgameboy There's no strategy you are applying on 5 million naira if you want to compete on a global scale that you won't most likely go back to zero, it's just $3k

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

Now let me explain something to you, some people with 10million already feel fulfilled and managing it then is easier, but while to some it's just a stepping stone and they are willing to take much higher risk.

I don't mind loosing 10 million in quest of looking for more money eh no go far, but another person can't afford to loose such.

10million will not change my life to be honest, I will make and loose it multiple times

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@Sylvia_Crypto33 Same Sisi

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

GM Fam

Have a fruitful week 💜

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@ThisConnyLife Great bruv

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@ThisConnyLife Hw far Conny

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@Aqmocryptt 👀👀 are you talking to me ?

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@captain_omi Yo Omi hope you good ?

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@StarPlatinum_ One thing about this industry is that there will always be an opportunity to make more money one way or the other, it's better than just fomoing into every hyped up meta out there

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@ThisConnyLife Sad 💔

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@khan23707 Have a great week 🫡😂

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@0xasharc GM Bro

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@EyenMonday @Talkmanunitedfc @twitgameboy 😂 say with 10m he can't go back to zero

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@Kolawolakehinde @Pwezi1 @parded18 @twitgameboy Nothing like village people

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

@ThisConnyLife 🫡

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

Nigeria Stablecoin Market (cNGN)

--------> 1.

Nigeria's government-approved naira stablecoin has done about $145m in volume since launching 17 months ago.

Nigerians moved roughly $59bn in crypto over a single year.

That gap is the most important number in African fintech, and almost nobody is reading it correctly.

cNGN is not a bad product. It's regulated by the SEC, backed 1:1 by naira in Nigerian banks, listed on Busha, Quidax and Roqqu, deployed across multiple chains. Competently built.

It has ~350,000 cumulative transactions. That's about a quarter of one percent of one year's Nigerian crypto flow.

Fintechs here will tell you they didn't integrate it because they can't justify the cost of supporting another settlement asset. True, but not the real reason.

The real reason:

cNGN puts the naira on a blockchain. Nobody in Nigeria has a naira-transport problem.

NIBSS already moves naira between Nigerian banks in seconds for a few naira. What Nigerians have is a naira-EXPOSURE problem. A token pegged to the naira solves exactly none of it.

Which brings me to the thing foreign firms keep getting wrong.

Nigeria is not a crypto market. It's an FX market wearing crypto clothing.

Only about 14% of Nigerian digital asset holders are traders. The rest are people protecting a salary, paying a supplier in Guangzhou, receiving a freelance invoice from Berlin.

The numbers back it:

• Nigeria ranks #1 globally in stablecoin ownership. 59% of crypto-active Nigerians hold USDT, 48% hold USDC (BVNK 2026 report). Australia is second at 34%. It's not close.
• USDT is ~88.5% of Nigerian stablecoin activity. Far more concentrated than the global average.
• ~22 million Nigerians held digital assets by 2025.
• Stablecoins were ~43% of all sub-Saharan African crypto volume in 2024.

Why? Arithmetic.

The naira went from ~₦460/$ in 2023 to ~₦1,500 by early 2025. Anyone holding naira savings through that lost most of their purchasing power for doing nothing wrong.

Inflation has since come down to 15.91%, real progress. But food inflation is at 17.52% and still climbing, and the parallel market premium has reopened to ~2.4%.

Nobody who lived through 2023 to 2025 treats stability as permanent.

Localisation in this market does not mean denominating in the local currency.

The local currency is the thing users are trying to escape.

[C•S•A°|•(シー・エス・エー ) @CSA_WEB3]

--------> 2.

Second thing almost nobody outside Nigeria has processed yet: the regulatory perimeter closed nine days ago.

On 17 July 2026, President Tinubu signed the Presidential Executive Order on Virtual Assets Coordination. Effective immediately.

It doesn't create a new regulator. It does something sharper.

It creates a Virtual Asset Council chaired by the CBN, seating the SEC and the newly formed Nigeria Revenue Service at the same table, plus a Virtual Asset Office inside the CBN handling licensing and information sharing.

For a decade Nigerian crypto survived in the gap between agencies that weren't talking to each other. That gap just closed.

The sequence that got us here:

March 2025: ISA 2025. Section 357 classifies virtual assets as securities, hands the SEC statutory licensing authority. Primary legislation, not a circular.

January 2026: SEC Circular 26-1. Capital floors raised hard. Exchanges and custodians now need ₦2bn, up 4x from ₦500m. Offering platforms ₦1bn. Even ancillary VASPs like analytics providers need ₦300m. Deadline: 30 June 2027.

January 2026: Licensed exchanges began reporting user transactions to tax authorities. Gains chargeable up to 25%.

Pending: the VASP Regulation Bill 2026 is at second reading in the Senate.

Here's what that actually means commercially.

The ₦2bn floor is a consolidation event. Nigerian-founded operators without international backing will struggle to raise it by June 2027.

If you're a global firm, your window to acquire a licensed Nigerian entity at a sane price is roughly the next 12 months.

If you're a local founder, your paths are partnership, acquisition, or building in a layer that doesn't need a VASP licence.

While that plays out, capital is voting. In May 2026, African startups raised $53m excluding one outsized card deal. Three stablecoin infrastructure companies took ~70% of it.

Yellow Card has processed $6bn+ across 35+ countries and is the African stablecoin partner for both Visa and Mastercard. Juicyway is doing $300m+ monthly in B2B FX. Checker raised $8m in May to build an orchestration layer.

They're all attacking the same problem, and it's where the real opportunity sits:

African stablecoin liquidity is violently fragmented. Operators stitch naira, cedi and shilling liquidity from dozens of counterparties, and a lot of that coordination still happens in WhatsApp groups.

No unified order book. No reliable reference price. No standard settlement guarantee.

Whoever solves aggregated local-currency liquidity with a real SLA owns the layer everything else gets built on.

Three things foreign teams keep getting wrong, from inside the market:

1. They price against banks. You're not competing with banks. You're competing with a mature P2P and agent network that's been settling in minutes on thin spreads for a decade. It is not primitive. It will undercut you.

2. They treat off-ramp reliability as a feature. It's the product. A Nigerian user will take a worse rate from a service that reliably credits a GTBank account at 11pm on a Sunday over a better rate that fails twice a month. Every retention problem I've seen here traces back to a failed withdrawal, not a price.

3. They plan for one regulator. As of 17 July there are three, on one council, chaired by the central bank, with the tax authority in the room.