Coinergy is a web platform powered by the blockchain technology and it provides the solution of paying electricity bills with stablecoins(usdt, busd, usdc) in Nigeria.

Coinergy works with stable coins because of the following;

• Stablecoins are digital currencies that make an effort to tie their market value to an outside standard.
• As a means of exchange, stablecoins are more advantageous than cryptocurrencies with more volatility.

• The price of a commodity like gold or a currency like the US dollar may be used as the benchmark for stablecoins.

• By keeping reserve assets as collateral or by using computational formulas that are expected to regulate supply, stablecoins aim to achieve price stability.