Tag: USN
Near Foundation sets up $40M fund to bail out USN investors in case of collapse
Near Protocol’s in-house stablecoin, USN, recently became undercollateralized, forcing Near Foundation to recommend winding down USN to prevent a situ [...]
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 t [...]
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