Faustin-Archange Touadéra, president of the Central African Republic, said on X that the country’s memecoin was “an experiment designed to show how something as simple as a meme can unite people, support national development and put CAR on the world stage in a unique way”.

Central African Republic has launched a meme coin in what President Faustin-Archange Touadera said was a bid to raise the profile of one of the world's poorest countries.

The President of the Central African Republic took it one step further than Donald Trump, by creating a Pump.fun token for his nation.

The Central African Republic, a poverty-stricken and perennially unstable country despite its vast mineral wealth, has launched a memecoin called $CAR, which had a tumultuous debut, according to experts.

Several cryptocurrency data aggregators listing the so-called Central African Republic (CAR) memecoin have been found directing users to phishing sites, according to cybersecurity experts. The memecoin gained global attention after the official X account of Central African Republic President Faustin-Archange Touadéra claimed the government had

Bitcoin was abolished as an official means of payment in the African country. Now a meme coin is to "support national development".