Cryptocurrency Q&A
What is USDN coin?
What is USDN coin?
Martino
Sun Oct 27 2024
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7 answers
1643
USDN coin is a stablecoin launched by NGK Global, claiming to improve the stablecoin ecosystem with features like full collateralization, transparency, and compliance with US currency circulation laws. It incorporates a DPOSS mechanism for enhanced financial attributes and aims for interoperability across public chains, enabling interactions with various DAPP platforms.
7 answers
Daniele
Tue Oct 29 2024
It shares similarities with Terra's algorithmic stablecoin, UST.
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henry_taylor_architect
Tue Oct 29 2024
The Neutrino System Base Token (NSBT) plays a crucial role in maintaining this price.
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Alessandro
Tue Oct 29 2024
To mint USDN, users must lock their WAVES tokens into Neutrino's smart contracts.
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SejongWisdom
Tue Oct 29 2024
This process ensures the stability of the USDN token.
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SamsungShine
Tue Oct 29 2024
The target price for the USDN token is set at US$1.00.
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