NGNC (NGN Coin) Stablecoin

NGNC is a fully reserved, fiat-backed Nigerian Naira stablecoin developed by LINK — the largest African high-yield bearing stablecoin, maintaining a strict 1:1 peg to the Nigerian Naira backed by 100% cash reserves with published quarterly attestations.

Product Overview

NGNC is deployed natively across five blockchain networks: Stellar, Polygon, Avalanche, Base, and Solana. The reserve model ensures full redeemability 1:1 for Nigerian Naira at all times, with over 108 million NGNC currently in circulation. Reserve statements are published quarterly for full transparency. NGNC is listed on Tether's USDT directory as a payment infrastructure partner and is supported by the Circle USDC grant program (2025 cohort).

Key Features

• Fully reserved: 100% cash-backed with quarterly attestations and 1:1 NGN redeemability
• Multichain: Deployed on Stellar, Polygon, Avalanche, Base, and Solana
• Instant settlement: Transactions settle in seconds worldwide, around the clock
• Near-zero cost: Global payments with little to no fees
• High yield: Stake NGNC on DFX Finance or LINK Business to earn APRs up to 300%
• Open access: Any business or individual with a digital wallet can send and receive NGNC

DeFi Integrations

NGNC is integrated across the DeFi ecosystem including a USDC/NGNC orderbook on Stellar (via StellarX and StellarTerm), NGNC/USDC liquidity pool on Polygon (via DFX Finance), DEX swaps via 1inch and Soroswap, dApp and wallet swaps via MetaMask, and aggregated DEX swaps via Rubic Exchange.

Use Cases

Businesses can mint and redeem NGNC via the LINK Business dashboard. Developers can integrate via the LINK API. Individuals can purchase NGNC through LINK's on-ramp using NGN bank transfers. NGNC is purpose-built for fintechs, platforms, exchanges, and DeFi protocols seeking deep liquidity and programmable access to the Nigerian Naira.