The Nigerian Naira asset in the wallet, NGNT, is a Naira stablecoin. Issued by Cowrie Integrated Systems. Cowrie are a regulated provider of value transfer services.
They hold any Naira collateral issued to the network and offer automated payouts and deposits via all commercial banks in Nigeria.
Cowrie levy a very small N100 fee on deposits and N200 on withdrawals, making NGNT accessible for most.
The NGNT asset is one of a handful of liquid assets on the Stellar DEX, so it can instantly be exchanged into XLM or BTC.