NEAR Foundation Launches “Depeg” Protection for Algorithmic Stablecoin USN
USN’s price at press time was $0.999
NEAR Foundation Has Just Set Aside $40 Million for the Protection of $USN Holders
NEAR foundation announces a $40M protection fund for $USN holders.
NEAR ecosystem’s TVL declines by 45%, thanks to this factor
On 24 October, the NEAR protocol made another notable move to avoid a potential LUNA debacle. The NEAR Foundation issued an announcement stating that the USN, the NEAR algorithmic stable…
Why The NEAR Foundation Will End Stablecoin USN
The NEAR Foundation will terminate its algorithmic stablecoin USN in the coming months. The organization launched a program to support the digital asset’s wind-down.
NEAR Protocol to Wind Down Stablecoin USN, Allocating Funds for User Protection
The firm has announced plans to shut down the USN stablecoin to avoid greater risks.
NEAR Foundation Announces $40M Protection Fund for Scrapped USN Stablecoin
In an effort to prevent another stablecoin collapse and crypto contagion, the NEAR Foundation is taking measures to support holders of USN. The post NEAR Foundation Announces $40M Protection Fund…
NEAR Halts USN Minting Due to $40 Million Undercollateralization
The decision aims to protect consumers by preventing another Terra-esque stablecoin collapse.
Near Foundation launches “protection programme” of $40m for USN users
Near protocol has announced a fund of $40 million to protect USN users from potential losses and ensure the stability of the stablecoin. The foundation made this decision in response…
Near Foundation sets up $40M fund to bail out USN investors in case of collapse
The program was launched after Decentral Bank, the issuer of NEAR-native stablecoin USN, raised concerns about the stablecoin depegging due to algorithmic failure.
NEAR Foundation Announce $40Million Protection Fund!
The NEAR Foundation is taking steps to help USN holders to avert another stablecoin collapse and a crypto pandemic. On October 24 the platform stated that it has set aside…
