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Stablecoins · Nigeria
Accept USDT and USDC payments in Nigeria
Collect USDT and USDC payments in Nigeria through a payment link, hosted checkout or API, using the assets and networks enabled for your account.
Create a business account
Stablecoin payments in Nigeria depend on your account, its verification and the assets and networks enabled.
USDT
USDCStablecoin payments
Your prices in local currency.
Your customers pay in USDT or USDC while you price and keep your accounts in NGN. The checkout shows the asset, network, amount and address for each payment, and your merchant workspace tracks its confirmation. Assets, networks and limits depend on your account and its verification.
Exact instructions for every payment
The customer sees the asset, network, amount and address to use. Sending on the wrong network can lose funds.
Confirmation tracking
Fulfil only when the payment shows confirmed in your merchant workspace, never on the strength of a screenshot.
Know the risks
Stablecoins are designed to track the US dollar but can deviate. They carry issuer, market and network risks and are not bank deposits.
How it works
Create your business account
Register your business in Nigeria and complete the required verification. Enabled features appear in your workspace.
Create the payment
Generate a link, a checkout or an API payment for the order amount.
The customer pays in stablecoins
The customer sends the exact asset on the stated network to the address shown for that payment.
Reconcile and fulfil
Track the confirmation in your merchant workspace, then process the order.
Taking USDT and USDC payments in Nigeria: what to check first
Nigeria’s currency is the naira (NGN), and the Central Bank of Nigeria states that it is the sole issuer of legal tender currency in the country. If stablecoin payments are enabled for your account, your customer pays in USDT or USDC, while your business still sets prices, issues invoices and keeps its books in naira terms. Decide in advance how you will record the NGN value of each stablecoin receipt, and treat stablecoins as a separate asset with issuer, market and network risk, not as a bank deposit.
What the SEC has said about crypto assets
In a statement published in September 2020, Nigeria’s Securities and Exchange Commission (SEC) defined a crypto asset as a digital representation of value that does not have legal tender status in any jurisdiction, and said its position is that virtual crypto assets are securities unless proven otherwise. The Investments and Securities Act 2025 has since replaced the 2007 Act. The SEC now admits some virtual asset service providers to a regulatory sandbox and states that this Approval-in-Principle is not a final licence. Check with the SEC or a qualified adviser for the rules in force.
Know where registration may apply
The SEC’s 2020 statement says anyone whose activities involve Blockchain-related and virtual digital asset services, such as custody or executing orders for others, must be registered by the Commission. Whether taking stablecoins as payment for your own goods or services falls outside that scope is a question for the SEC or a Nigerian lawyer, especially if you plan to hold, resell or exchange stablecoins for customers. In August 2026 the SEC also advised the public to verify the regulatory status of anyone promoting investment products through its official channels.
Fulfil only on confirmed payments
Price the order in NGN, then check that the checkout shows the asset and network your customer is actually sending on before they pay. Release goods or services only once the payment shows as confirmed in your ZyndPay workspace, never on a screenshot, a forwarded transaction hash or a promise in chat. If you refund, send the same asset on the same network to an address the customer confirms, and keep the order reference, amounts and the NGN value you recorded so your accounts and any dispute can be traced.
These Central Bank of Nigeria and SEC Nigeria pages describe Nigeria’s currency and its regulatory approach to digital assets. They do not establish a ZyndPay licence, partnership, regulatory approval, or availability for your account.
FAQ
Your questions. Answered.
Can a business in Nigeria accept USDT with ZyndPay?
If stablecoin payments are enabled for your account after verification, you can create USDT and USDC links, checkouts or API payments. Availability depends on your account and the checks that apply.
Do my customers in Nigeria need a ZyndPay account?
No. Customers pay from the wallet of their choice, following the asset, network and address shown on the payment page.
How do I price in NGN?
You keep your prices and accounts in NGN. The stablecoin amount to pay is shown to the customer before payment; check the terms and fees in your workspace before you start.
How do refunds work?
Refund in the same asset and on the same network, to an address the customer confirms. Keep the reference of the original payment.
Is cryptocurrency legal tender in Nigeria?
The official sources cited here do not treat it as such. The Central Bank of Nigeria states that it is the sole issuer of legal tender currency in Nigeria, and the SEC’s 2020 statement defines a crypto asset as not having legal tender status in any jurisdiction.
Does an SEC sandbox approval mean a crypto platform is fully licensed in Nigeria?
No. The SEC said in August 2026 that an Approval-in-Principle under its Accelerated Regulatory Incubation Programme is not a final licence and remains conditional on continued compliance. It advises the public to verify anyone’s regulatory status through the Commission’s official channels.