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USN USN Price $ 0.823
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Stablecoin
USN Price
The NEAR Foundation has recommended the shut down of the USN stablecoin project, running on the NEAR Protocol. An initiative, known as USN Protection Programme, is provided for USN holders to swap their USN tokens on a one-to-one basis for USDT.e, on the NEAR network. For more information kindly check this announcement: https://usnpp.auroralabs.dev/
General Info
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Description
USN is a NEAR-native stablecoin soft-pegged to the US Dollar
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USN
What is USN (USN)?
USN is a NEAR-native stablecoin soft-pegged to the US Dollar, backed by a Reserve Fund that contains NEAR, along with USDT initially. USN’s core stability mechanisms consist of on-chain arbitrage and a self-balancing Reserve Fund based on the Currency Board Principle. Combining the growth potential of UST and the strong peg defense of FRAX, USN is positioned to be one of the most effective ways to bootstrap liquidity in the NEAR ecosystem; all while adding a new layer to NEAR’s utility as a token.
USN Price Today
USN's current price is $ 0.823, it has dropped -0.01% over the past 24 hours.
USN's All Time High (ATH) of $ 1.05 was reached on 6 Jun 2023, and is currently -21.8% down.
You can find more details about USN on its official website and on the block explorer.
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