xNGN
The Naira Token
A stablecoin pegged 1:1 with the Nigerian Naira. Fast, transparent, and fully backed by real Naira held in licensed custodian banks.
Overview
What is xNGN?
xNGN (Naira Token) is a stablecoin designed to hold a stable value pegged 1:1 with the Nigerian Naira. Unlike dollar-backed stablecoins that require conversion fees and face regulatory restrictions, xNGN provides direct access to a Naira-denominated digital currency.
Every xNGN in circulation is backed by real Naira held in licensed Nigerian custodian banks, with monthly audits for full transparency and trust.
1 xNGN = ₦1.00
Always stable, always backed
Why xNGN
The benefits of crypto, the stability of Naira.
Instant Settlement
Transactions settle in seconds, not days. Send and receive xNGN 24/7, worldwide.
1:1 Naira Backed
Every xNGN is backed by real Naira held in licensed Nigerian custodian banks.
Full Transparency
Monthly audits on reserve funds. View real-time proof of reserves anytime.
Regulatory Compliant
Built with KYC/AML protections. Fully compliant with Nigerian financial regulations.
Zero Conversion Fees
No hidden fees when converting between xNGN and Naira. What you see is what you get.
Global Access
Send xNGN anywhere in the world. Perfect for remittances and international trade.
Use Cases
xNGN powers everyday payments.
Remittances
Send money to family and friends in Nigeria instantly with near-zero fees.
E-commerce
Accept payments in xNGN for your online business. Settle instantly.
Payroll
Pay employees and contractors in xNGN. No bank delays or limits.
Trading
Use xNGN as a stable trading pair on exchanges. Avoid dollar conversion.
Get Started
Start using xNGN in three steps.
Create Wallet
Download Cube and create your wallet in seconds.
Complete KYC
Verify your identity with a quick KYC process.
Buy xNGN
Deposit Naira from your bank and receive xNGN instantly.
Ready to use xNGN?
Join thousands of Nigerians already using xNGN for faster, cheaper transactions.