Near Foundation sets up $40M fund to bail out USN investors in case of collapse

by Aurelia Butler 25 October 2022, 12:40 109 Views

On Oct. 24, Near Foundation revealed setting up a $40 million fund, allowing eligible USN holders to redeem their USN tokens on a 1:1 basis with USDT.e. The program was launched after Decentral Bank (DCB), the issuer of NEAR-native stablecoin USN, raised concerns about the stablecoin depegging due to algorithmic failure.

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Source: Cryptocurrency - investing.com

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Near Foundation sets up $40M fund to bail out USN investors in case of collapse

MakerDAO (MKR) to Move $1.6B to Coinbase Custody Program

Russian court denies Brittney Griner’s appeal as WNBA star tries to trim 9-year sentence

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