The Securities and Exchange Commission has announced plans to develop a regulatory framework for stablecoins, aiming to facilitate cross-border trade, payments, and programmable finance in Nigeria’s burgeoning digital asset space.
In a statement made available to our correspondent by the commission on Monday, the Director-General of the SEC, Emomotimi Agama, revealed this initiative during his keynote address at the 2025 Decentralised Finance Conference held in Lagos.
He emphasised that the Commission is actively collaborating with developers to co-create a robust regulatory environment for stablecoins, particularly those pegged to the naira.
Agama explained that the stablecoins under consideration will be fully backed by verifiable reserves and subject to regular audits by independent custodians.
This approach is designed to foster trust and transparency in the digital assets’ ecosystem, moving beyond mere speculation to support real-world economic activities.
“The future of Nigeria’s digital assets ecosystem depends on three pillars: collaboration, innovation, and trust,” he said, highlighting the SEC’s commitment to attracting credible players while shutting out bad actors through an enhanced, risk-based licensing system.
