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Ronald Maguire

25 April 2022 175 Read Crypto , Altcoins

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NEAR's stablecoin USN is Live

The new decentralized stablecoin USN was launched on Near Protocol today. The team called Decentral Bank is responsible for the USN stablecoin initiative. USN, which was said to offer returns with 20% APR, currently offers returns with 10% APR. 10% is still a very good percentage compared to other stablecoins. The USN stablecoin works very similarly to Terra's stablecoin UST.

Decentral Bank

The USN stablecoin initiative is led by a DAO known as Decentral Bank. Collaborating with Proximity Labs, Decentral Bank will focus on developing and expanding the USN.

 

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