Soroswap.Finance, the first DEX on the Soroban Blockchain in the Stellar ecosystem, announces the listing of $NGNC, a Naira-pegged stablecoin natively supported on Stellar. This enhances liquidity, FX utility, and cross-border payments for Nigerian users. Users can trade, add liquidity, and swap NGNC with assets like XLM, BTC, ETH, and USDC.
Soroswap.Finance has listed $NGNC, a stablecoin pegged 1:1 to the Nigerian Naira, designed for cross-border payments and internet value in Africa. NGNC is natively supported on the Stellar network, leveraging its fast, secure, and low-cost features. The listing on Soroswap.Finance, a DEX built on Soroban's smart contracts within the Stellar ecosystem, provides deep on-chain liquidity, direct swaps with major assets like XLM and USDC, and fiat on/off ramps via LINK in Nigeria. Benefits include enhanced FX utility, legitimizing foreign stablecoins, and opportunities for users to add liquidity pools for passive income. Developed by Palta Labs, Soroswap emphasizes security, transparency, and censorship resistance. This integration supports global trade, financial inclusion, and DeFi adoption in emerging markets.