Recognizing the possibilities of blockchain technology, Cowrie and Tempo decided to build their solution on the Stellar network. On Stellar, it is possible to issue digital tokens that are backed 1:1 by actual fiat currency. Cowrie set up the NGNT token, pegged directly to the Nigerian naira, and Tempo issued the EURT. Together, they built a bi-directional NGNT-EURT corridor so that customers were able to start redeeming and trading these tokens right away.
https://www.stellar.org/case-studies/how-tempo-and-cowrie-are-building-on-stellar
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