#

Market Cap
24h Vol
5693
Cryptocurrencies
57.30%
Bitcoin Share

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

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


CoinDesk
2022-10-24 15:36:57

The foundation is setting aside $40 million for a "protection program," which it says is equal to the amount of a "collateral gap" associated with the undercollateralization of the USN project.


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.