Celo Expands On-Chain FX with cNGN-USDT Liquidity Pool on Uniswap
Celo has expanded its on-chain foreign exchange offerings by launching a cNGN-USDT liquidity pool on Uniswap.
This is the third network to create a cNGN pool on Uniswap, following Binance and Base.
The current pool has 89,000 USDT and 126.2 million cNGN, with cNGN being listed on DEXs including Uniswap V4 and PancakeSwap.
cNGN is marketed as a regulated stablecoin, but its listing on decentralized exchanges raises questions about how those restrictions apply to users trading cNGN on DEXs.