XAF Token Overview

The XAF Token is a fiat-collateralized stablecoin pegged to the Central African CFA franc.
It is not legal tender.

The XAF Token is issued on the Stellar blockchain which allows it to leverage the benefits of cryptocurrencies — such as transparency, security, immutability, digital wallets, fast transactions, low fees, and privacy — without losing the guarantees of trust and stability that come with using fiat currency (like the Central African CFA franc).

The total amount of the Central African CFA franc used for backing the XAF Token is held in licensed and regulated financial institutions and mobile money operators. This amount reflects the circulating supply of the XAF Token.

The XAF Token enables businesses, organisations and individuals to seamlessly transact and trade instantly, transparently and securely via a blockchain.

Stablecoins have become popular because they don't have the erratic volatility associated with other crypto assets such as Bitcoin. Stablecoin prices are often pegged at a one-to-one ratio to a stable asset such as the Central African CFA, US dollar, Chinese Yuan or Euro which are held in reserve as collateral.

A detailed and real-time analysis of the XAF Token can be viewed here. A summary of the current XAF Token status is below.

The CFA Franc Overview

The Central African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XAF) is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. These six countries have a combined population of 55.2 million people and a combined GDP of US$113.322 billion as of 2020.

CEMAC Countries
CFA stands for Coopération financière en Afrique centrale ("Financial Cooperation in Central Africa"). It is issued by the BEAC (Banque des États de l'Afrique Centrale, "Bank of the Central African States"), located in Yaoundé, Cameroon, for the members of the CEMAC (Communauté Économique et Monétaire de l'Afrique Centrale, "Economic and Monetary Community of Central Africa"). The franc is nominally subdivided into 100 centimes but no centime denominations have been issued.

It came into use in 1945, replacing the French Equatorial African franc (which was introduced in 1917) throughout the French colonies in the region.

While formerly pegged to the French franc at a value of 100 CFA francs to 1 French franc, it is currently on a fixed peg with the EUR. The peg is 1 EUR to 655,957 XAF.

  • Symbol: FCFA
  • Currency Code: XAF
  • Subunit: centime (1/100)
  • Coins: 1, 2, 5, 10, 25, 50, 100, 500 francs
  • Banknotes: 500, 1000, 2000, 5000, 10,000 francs
  • Peg: 1 EUR = 655,957 XAF
  • Combined GDP (6 States): US$113.322 billion
  • Central Bank: Bank of Central African States

Core Features

The XAF Token has a wide range of features such as stability, transparency, security, immutability, fast transactions, and low fees. Below are some of its core features that make it a new and improved digital currency for the CEMAC region.


The XAF Token is pegged at a one-to-one ratio to the Central African CFA franc. This means that 1 XAF Token will always be redeemable for 1 Central African CFA franc. It enhances the Central African CFA franc on the blockchain.


There are no third-party intermediaries, payment processors or banks. All XAF Token transactions are confirmed in 3 to 5 seconds on a blockchain with a fast and scalable consensus protocol compared to other blockchain technologies.


The XAF Token is protected by industry-standard public-key cryptography tools and techniques, which means the code is well tested and well understood. Each transaction is cryptographically signed by whomever sent it using the Ed25519 algorithm, which cryptographically proves that the sender was authorized to make the transaction.

Low Cost

Within the CEMAC region, people often rely on Banks or businesses like Western Union, Moneygram or Express Union to send money to their families and loved ones across the 6 CEMAC nations. This is typically a slow and costly process where people and up losing a significant amount of money to high fees. The XAF Token can be sent intantly and for a fraction of the cost.


All XAF Token transactions on the network are public, which means the movement of funds can always be audited. Financial institutions using the XAF Token for account holder transactions can keep information about the individuals by storing encrypted or unique identifiers in the transaction's memo field. This allows financial institutions to meet regulatory compliance requirements and keep transaction history verifiable while still keeping privileged information secure.


All XAF Token fiat reserves are safely kept in licensed and regulated financial institutions and mobile operators across multiple accounts. The XAF Token is built on a decentralized payment protocol whose transaction authentication process is confined to a select set of trustworthy nodes. Each node on the network selects a set of such trustworthy nodes, and a transaction is considered approved once authenticated by all nodes.

How To Get The XAF Token

You can acquire your XAF Tokens using the Interstellar app which allows you to send, receive, swap and trade digital currencies and other tokenized assets.

For help, please click on How To Use The Interstellar App button below and watch the videos.

Click on the image below to find out more about the Interstellar App or click on any of the buttons below to download the Interstellar App for your device.

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CFA Franc Notes

Since 1993, CFA franc notes are issued centrally with just a letter denoting the different states (as opposed to each member issuing their own unique banknotes).

A - Gabon
C - Chad
F - Equatorial Guinea
M - Central African Republic
T - Congo
U - Cameroon

The first variation of each denomination was generally issued throughout the early 1990s until 2002, whereas the second variation was issued in 2002.

10,000 CFA franc

Obverse: Bank of the Central African States building, woman
Reverse: Transport and communication

5,000 CFA franc

Obverse: Port, man
Reverse: Oil pumping station

2,000 CFA franc

Obverse: Hydro dam, girl
Reverse: Mining

1,000 CFA franc

Obverse: Logging, man
Reverse: Fieldwork


If you are interested in contributing to the development and adoption of the XAF Token in order to improve the Decentralized Finance (DeFi) landscape in Africa by using, distributing, anchoring and redeeming the XAF token, please get in touch.