NEAR Foundation Urges Wind-Down of USN Stablecoin, Sets Aside $40M

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NEAR Foundation Urges Wind-Down of USN Stablecoin, Sets Aside $40M

“With the USN Protection Programme, NEAR Foundation understands that USN is now overcollateralized, as there is also approximately 5.7 million $NEAR tokens in the DCB treasury, which the foundation expects DCB to donate to the NEAR community,” according to the statement. www.coindesk.com

“With the USN Protection Programme, NEAR Foundation understands that USN is now overcollateralized, as there is also approximately 5.7 million $NEAR tokens in the DCB treasury, which the foundation expects DCB to donate to the NEAR community,” according to the statement.

www.coindesk.com