Beyond $USDT / $USDC , there's growing interest in yield-bearing stablecoins.

We've been running one in Nigeria since 2021.

When your #currency drops 40% yearly, and inflation hits 28%, you don't wait for crypto Twitter to discover "productive stablecoins."

Let’s show you what we built 🧵

First, understand the Nigerian saver's dilemma:

Banks pay you 6% on savings. Take your deposits and earn 17% in money market instruments. Keep the 11% spread as profit. You lose 22% to inflation. They win.

Xend cuts them out by tokenised access to those same 17% money market yields, direct with @cngn_co.

How cNGN actually works:

You deposit naira → it converts to cNGN (1:1 backed).

$cNGN gives you direct access to the #TOKENIZED Nigerian money market, the exact instruments paying 17% that banks were gatekeeping.

You earn the full yield. Not the scraps.

While the West debates yield-bearing stablecoins as innovation, emerging markets need them as survival tools.

@cngn_co, powered by @xendfinance Money Market, is Africa's first yield-bearing stablecoin.

Start earning today:

• Visit/Download Xend Finance App

• Deposit naira (converts to cNGN)

• Earn 17% APY on Auto Yield

No banks. No bureaucracy.

Just real yields backed by real assets.

Join the 150k+ already protecting their wealth with Xend #MoneyMarket