Wire · regulatory
Nigeria sets $11.16 million capital requirement for foreign stablecoin issuers
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Fusion42 · 7 November 2026 · Fusion42 review
Nigeria's Central Bank mandates foreign stablecoin issuers such as USDT and USDC to maintain $11.16 million in paid-up capital and establish licensed local entities to operate within Nigeria. The new regulatory framework creates formal licensing and operational requirements to control digital currency distribution and protect the local market.
This Wire brief sits within Fusion42's coverage of Fintech, and 5 sources have reported it between 6 Nov 2026 and 8 Nov 2026.
◆ ◆ The Wire takeaway
Nigeria just locked the door on foreign stablecoins unless you park $11 million locally and set up shop. You need a Nigerian entity now to compete in one of Africa’s biggest crypto markets.
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5 sources · first reported 6 Nov 2026 · latest 8 Nov 2026
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