SNR

StableNaira (SNR) is a fiat-collateralized, on-chain representation of the Nigerian Naira (NGN). Each unit of SNR is backed 1:1 by audited NGN-denominated reserves held with CBN-licensed Nigerian banks in segregated trust accounts, with mint and burn flows tightly aligned to verifiable reserve movements. The protocol is built by the StableNaira Development Team as a public good for payments, remittances, savings, programmable commerce, and cross-border value transfer — first in Nigeria, then across the African continent, and ultimately as a bridge currency between African economies and the global digital-asset economy.