CBN sets N10bn, N15bn capital requirements for stablecoin issuers

By Emma Ujah, Abuja Bureau ChiefThe Central Bank of Nigeria (CBN) has introduced new regulatory guidelines for stablecoin issuers and other virtual asset service providers, setting minimum paid-up capital requirements of N10 billion and N15 billion for two categories of operators.The requirements are contained in a circular dated November 5, 2026, with reference number PSP/DIR/PUB/CIR/001/004, signed by the Director of Payments Systems Policy, Musa Jimoh.