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Quidax says it wants to support banks, asset managers, fintechs and other businesses offering stablecoins and digital assets in Nigeria.
Quidax says it is positioning itself to serve banks, asset managers, fintechs, and other businesses that want to offer stablecoins and other digital assets in Nigeria.
Quidax, an African-founded cryptocurrency exchange, said it aims to provide infrastructure and regulatory support for institutions that want to offer stablecoins and digital assets.
Stablecoins are cryptocurrencies designed to keep a steadier price, often by being tied to another asset. Digital assets is a broad term that can include cryptocurrencies.
Quidax CEO Buchi Okoro said the company’s priorities include infrastructure, regulatory compliance, and market education.
If banks, asset managers, and fintechs move deeper into stablecoins, they will need tools to run these products and to meet regulatory requirements.
Quidax is pitching itself as a provider of that supporting layer, including education to help more businesses understand how stablecoins and digital assets work.
Primary Source: businessday.ng
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