Verify what backs a stablecoin
DIA Value computes intrinsic fair value for stablecoins from reserves and on-chain data, so backing and peg health can be verified.
Supply
FX-derived, not a market price
Chains
Holders on Solana
NGNC is an NGN stablecoin issued by Linkio (NGNC).
103.1M NGNC in circulation across 4 chains; Stellar carries 81.3%.
Source: DIA first-party onchain reads, the series the chart draws. Each figure is the change in the supply DIA reads across NGNC’s chains between two daily snapshots. Not mints minus redeems: DIA does not publish issuance flow.
103.1M NGNC (US$76.4K)
Stellar 81.3% · other chains 18.7%
Stellar83.9M NGNC · 81.3%
Solana13.2M NGNC · 12.8%
Base5.9M NGNC · 5.8%
Avalanche60.0K NGNC · <0.1%Supply growth
Counted on Solana. Includes contracts and issuer treasuries. Shares are of the whole supply on Solana. This source serves no addresses, so nothing is left out.
Source: Solana RPC.
50holders on Solana
Holders on Solana (13% of supply). Stellar, the largest chain, is not yet counted.
| NGNC | |
|---|---|
| Top holder | 87.3% |
| Top 10 | 99.5% |
| Top 50 | 100.0% |
| Top 100 | 100.0% |
Includes contracts and issuer treasuries. Shares are of the whole supply on Solana. This source serves no addresses, so nothing is left out.
NGNC is designed to be backed by cash and money-market assets.
Solana0x3134210a…f6d74830mint(address,uint256)0xe743f136…475ec24dpauseAccounts(address[]), unpauseAccount(address) +1clawback(address,uint256)paused()mint(address,uint256)eip1967-uups52GzcLDMfB…RDjWDBSkfreezeAuthoritymintAuthorityContract controls are not read on Stellar yet.
Read from the deployed contract and its account on each chain. A control with no row is one the read could not settle, which is not the same as absent. “No” appears only where the verified contract source lists every function, or where the chain records that the control cannot exist, such as a package published as immutable.
Contract can freeze · wipe · pause · mint · upgrade (proxy)
The issuer publishes its reserve composition itself.
Reserve attestation cadence
The issuer publishes reserve composition itself, without an independent accountant's attestation on a stated cadence.
None foundlicence tier of Linkio (NGNC)
39 days are left blank: chain coverage changed or a contract read failed, so those totals are not comparable.
Source: DIA onchain reads Updated
Holders on Solana (13% of supply). Stellar, the largest chain, is not yet counted.
Source: Solana RPC, Solana Updated