SNR is a fiat-backed, on-chain Naira — every unit issued against audited NGN reserves at CBN-licensed banks, designed regulator-first under SEC ARIP and ISA 2025, and natively cross-chain through burn-and-mint.
Three things determine whether a stablecoin is worth holding: where the reserves sit, who can audit them, and how you move the token. SNR was designed against all three from the very first commit.
Every SNR is collateralised by Naira held in a segregated trust at CBN-licensed banks. Reserves are reconciled daily and attested monthly by an ICAN-accredited auditor.
Built against the SEC FinPort checklist for ARIP and ISA 2025 from line one. Pause, freeze, seize and a hard mint cap live in the contract — primitives banks and regulators recognise.
Move SNR by burning on the source chain and minting on the destination — no wrapped tokens, no honeypot bridge contracts. One canonical SNR per chain, always.
Ethereum · Base · BNB Chain — verified end-to-end
totalSupply ≤ attested NGN reserves at all times
Median burn-and-mint wall-time on testnet
Matches the Naira's accounting reality
No algorithmic peg. No basket of crypto. No protocol-owned liquidity. Just a 1:1 promise — verifiable on the chain, anchored at a Nigerian bank.
Pay ₦1,000 into a virtual account at a CBN-licensed banking partner. The deposit is verified at the source — no IOUs, no P2P trust.
POST /v1/intents/mint → ₦1,000.00The api anchors the deposit to your BVN-verified identity, runs a reserve check, and emits a single mint Transfer(0x0, you, 100 000) on-chain.
Transfer(from: 0x0, to: 0xYou, value: 100 000)SNR is a bearer asset on Ethereum, Base, and BNB Chain. Move it cross-chain in two minutes via burn-and-mint — same canonical token everywhere.
TokenMessenger.depositForBurn(amount, dstDomain, dstRecipient)Burn your SNR and you get the corresponding Naira paid out to your bank account, reconciled against the same off-chain reference.
RedeemRequested(0xYou, 100 000, 'redeem_…')A single, type-safe SDK on every chain. Faucets that actually work. Verified contracts you can read. Brand assets you can ship. Plug SNR into your wallet, dApp, or fintech in minutes.
import { createStableNairaClient } from"@stablenaira/sdk";
const snr = createStableNairaClient({
apiKey: process.env.SNR_API_KEY!,
baseUrl: "https://api.stablenaira.com/v1",
});
// initiate a redemption
const tx = await snr.transactions.redeem({
amountKobo: 100_000,
recipientId: "rec_…",
idempotencyKey: crypto.randomUUID(),
});
One-click SNR on Sepolia, Base Sepolia, and BSC Testnet. Rate-limited, BVN-free, built to unblock integrations.
Open the faucetArchitecture, contract reference, CCTP message format, KYC flows, and deployment addresses. Mirrors the engineering wiki one-to-one.
Browse the docs0x6B6f93a12705b6eB60490A8b8a9aC15b3B1ce0f20xfaE7C1AD37b7ad8848f840109332793bC58895630xfaE7C1AD37b7ad8848f840109332793bC58895630x268D7Da9ED4C8e2C658E360aAB9D2bC0D585491a0xb7dbA7742848ae6A8d443E674d8Da5187Ef1b70e0x7EB87D0b630fBB6f0B7782812322ddEAD4b6d535Wallets, dApps, and exchanges that integrate SNR are encouraged to render the same green ₦ ring everywhere — that consistency is the strongest legitimacy signal in this market.
Wallets, exchanges, payroll and remittance teams: SNR is live on mainnet today. Add the canonical addresses, point users to redemption, and ship Naira-native rails alongside USDC and USDT.
Compliance is a design discipline at SNR, not a wrapper. Every line in the contract maps to a regulator obligation; every flow ties back to a CBN-licensed bank rail.
Designed to the FinPort checklist for the SEC's Accelerated Regulatory Incubation Programme — the fast-track licence path for digital-asset issuers.
Aligned with Nigeria's Investments and Securities Act 2025, which formally recognises digital assets and enables a full VASP licence pathway.
Identity is rooted in Nigerian banking infrastructure — every minting account ties to a Bank Verification Number, not a P2P signal.
Travel Rule, sanctions screening, suspicious-transaction reporting and a compliance-multisig with freeze and seize powers on-chain.
User data is processed under the Nigeria Data Protection Act — minimised, consented, and held in-country.
Monthly attestations by an ICAN-accredited auditor; quarterly Big-Four assurance from year two. Hashes anchored on-chain for verification.
Position matters as much as design. Here's what SNR is and isn't, stated up front.
If a stablecoin can't answer these, you shouldn't hold it. Here are the answers, on the record.
No. SNR is a private, fiat-backed stablecoin issued on public blockchains. Each unit is backed 1:1 by Naira held in a segregated trust at CBN-licensed banks. The eNaira is Nigeria's CBDC — a central-bank liability on a permissioned chain. SNR and eNaira are different products with different trust models.
SNR is on mainnet today across Ethereum, Base, and BNB Chain — contracts verified, addresses public, redemptions open. Whether you're storing value, building a wallet, or running a remittance corridor, you can ship right now.