USN Price

USN is a stablecoin that operates natively on the NEAR Protocol. Developed and introduced on April 25, 2022, by Decentral Bank (DCB), USN initially launched as an algorithmic stablecoin intended to maintain a peg to the US dollar. Its design integrates on-chain arbitrage mechanisms along with a self-balancing reserve fund to ensure its value remains stable.

The primary objective of USN is to enhance the liquidity and overall development of the DeFi ecosystem built on the NEAR Protocol. By providing a reliable digital currency, USN aims to facilitate transactions, savings, and other financial activities, securing a more robust financial infrastructure within the growing realm of decentralized finance.