Technology
NEAR Protocol's stablecoin USN, launched in April 2022, is shutting down to "safeguard USN holders" after it exhibited risky characteristics similar to TerraUSD (Mat Di Salvo/Decrypt)
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Mat Di Salvo / Decrypt:
NEAR Protocol’s stablecoin USN, launched in April 2022, is shutting down to “safeguard USN holders” after it exhibited risky characteristics similar to TerraUSD — To avoid another LUNA debacle, the undercollateralized USN will be phased out. — NEAR Protocol’s stablecoin …
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