The Central African Republic (CAR) has launched a meme coin, $CAR, as part of an innovative effort to raise the global profile of one of the world’s poorest nations.
President Faustin-Archange Touadera announced the initiative on X (formerly Twitter) late Sunday, nearly three years after the country became the first in Africa and the second globally, after El Salvador, to adopt Bitcoin as legal tender.
Meme coins are cryptocurrency tokens inspired by internet memes or trends.