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's current price is $ 0.999, it has increased +0% over the past 24 hours.
USN's All Time High (ATH) of $ 1.00 was reached on 23 Sep 2022, and is currently -0.13% down.