On Monday, February 10, 2025, the Central African Republic officially launched a new cryptocurrency that made a chaotic start almost three years after the inconclusive “Sango” experience.

“ $CAR” is the new cryptocurrency is the new cryptocurrency launched by one of the poorest countries in the world. It is a memecoin, a cryptocurrency riding on the popular craze around a personality or a viral phenomenon on the Internet, and often identified as a purely speculative asset. sur son compte X, lundi peu après minuit The launch was launched by Central African President Fustin Archange Touadéra. He recalled that his country “was the second to adopt bitcoin as legal tender in 2022”, after El Salvador. In a video speech in French, coupled with a message in English, the president said he was proud to announce the launch of the official memecoin of the Central African Republic

In addition, sites specializing in these highly speculative digital currencies have announced that the price of “$CAR” has fallen by nearly 90%, some denouncing a “scam”, others phishing attempts.