NEAR Protocol to Shutdown Its Undercollateralized USN Stablecoin | Allocates $40M USN Protection Programme

Decrypt | Mat Di Salvo | Oct 24, 2022 To avoid another LUNA debacle, NEAR's undercollateralized USN stablecoin will be phased out. USN: Since April, Ethereum competitor NEAR is a popular blockchain for building decentralized apps (dapps) and minting NFTs, has had its own stablecoin, USN, which was issued by the DAO Decentral Bank. USN

The post NEAR Protocol to Shutdown Its Undercollateralized USN Stablecoin | Allocates $40M USN Protection Programme first appeared on National Crowdfunding & Fintech Association of Canada.