# USD → NGN: US Dollar to Nigerian Naira settlement on Sera

> Nigeria is one of the largest remittance markets on earth and one of the worst served: parallel-market gaps and FX scarcity have historically made the official rate unreachable for ordinary senders. On-chain naira settles against a rate the sender can actually see.

- **Corridor:** USD ↔ NGN (United States ↔ Nigeria)
- **Status:** Live
- **Bridge stablecoins:** USDC ↔ CNGN
- **Settlement speed:** Sub-second on-chain · ~30s door-to-door

## How settlement flows

Sender funds in USDC or USDT; the book matches against cNGN, Nigeria's regulated naira stablecoin; cNGN redeems into naira and pays out over NIP to any Nigerian bank account.

## Local payment rails

- **United States (USD):**
  - FedNow (Real-time — 24/7/365)
  - ACH (Same-day — Same-day & next-day)
  - Fedwire (Wire)
- **Nigeria (NGN):**
  - NIP (Real-time — NIBSS Instant Payment)
  - NQR (Real-time — National QR standard)

## Use cases

- Diaspora remittance
- Freelancer and creator payout
- Import settlement

## Risk notes for liquidity providers

Naira pricing can move sharply and liquidity is thinner than the major pairs, so spreads are wider by design. LPs should size positions with that volatility in mind.

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Live page with current rates: https://sera.cx/coverage/usd-ngn · Swap at https://app.sera.cx · All corridors: https://sera.cx/coverage · Full corpus: https://sera.cx/llms-full.txt