Tag: USN
Near Foundation sets up $40 million fund to help USN investors in the event of a collapse
USN, Near Protocol’s in-house stablecoin, recently encountered under-collateral issues, prompting the Near Foundation to recommend the closure of USN to prevent Terra (LUNA)-like scenarios and the collapse of UST. To…
USN Stablecoin Now Enabled on Near Protocol
Decentralized stablecoin atcalled USN It was introduced today on Near Protocol, a scalable Layer 1 blockchain. According to a statement shared by Near’s Proximity Labs, stablecoin can be checked ataccountthis…
Rumor…Near Protocol Will Launch Its Own Stablecoin Called “USN”
Near Protocol is rumored to be launching its own stablecoin known as USN, with one source stating that stablecoin is in the works. But the internal timeline hasn’t been revealed…