Shutterstock cover by Mahambah Key Takeaways NEAR has launched its USN stablecoin on testnet. Heat index values as high as 105. NEAR Launches USN Stablecoin On Testnet | Investing.com Near To Destroy The Competition Related Reading | TA: Terra (LUNA) Surges, Is It Eyeing A Correction Now? The NEAR Protocol launched its own, native algorithmic stablecoin known as USN. NEAR/USD could soon break out on news of the official launch of the USN stablecoin. NEAR launched USN stablecoin, what will this mean for the token? NEAR Protocol is a smart contract platform through which developers can create decentralized applications (dApps). A sustained close above $17 could push the token to $22.40. 1) Network Token Volatility: Creating an alternative network native currency for people to directly mint their money to. By Arun Shakyawar April 8, 2022 Updated: April 8, 2022 No Comments 3 Mins Read Stablecoins account for more than 9% of the total crypto market capitalization. Crypto VC Zoran Kole says USN will launch with staking yields around 20%. Recent Developments Put NEAR On The Edge Of A Breakout As of Q3 2021, the NEAR token was one of the few regularly held cryptocurrencies by crypto-focused venture and hedge funds. Key Takeaways NEAR has launched its USN stablecoin on testnet. Nears Algorithmic Stablecoin USN Goes Live On April 20th. This product allows customers to stake their stablecoins, within the type of Terras native UST, and leverage a 19% APR. Tron and NEAR Protocol Stablecoin. USN would reportedly offer an "extremely attractive" annual interest rate of around 20%. It moved to layer 1 protocol Cosmos after Terras implosion. August 12, 2022. Sabrina Maggiore,Matt Reeser. Rumors surrounding the stablecoin first surfaced when Zoran Kole, founder of Zorax Capital, claimed in a Substack post that Near Protocol was launching a stablecoin that will offer 20% yield.. Sleuths on Twitter further NEAR Protocol To Launch A New Stablecoin USN | AlexaBlockchain Near Protocol (NEAR) is scheduled to launch its own algorithmic stablecoin called $USN on April 20. [ August 29, 2022 ] Artemis 1 Launch Day Forecast Calls for Thunderstorms Likely After 2 p.m., High Near 90 with a high near 90. Lightning struck launch towers at the Kennedy Space Center in Florida, ahead of NASA's scheduled launch of an unmanned space capsule into The launch of the stablecoin was led by a DAO called Decentral Bank. The digital asset will be deployed [] Via a substack post, Kole claimed the digital asset will be announce on April 20 as an algorithmic stablecoin called USN. Whereas the token may have a dynamic yield, Decentral stated early lenders will seemingly obtain a yield of 20%, which rivals that of Terras UST stablecoin. The digital asset will be deployed [] 21, 2022 NEAR could soon break out on news of the official launch of the USN stablecoin. Near Protocol (NEAR) is set to launch its own algorithmic stablecoin of USN on April 20th. Near has received a lot of corporate investment recently. Along with the USN allege launch, the stablecoin may probably supply a 20% Annual Proportion Fee (APR) on a product just like the Terra ecosystems Anchor Protocol. Testnet is NEARs public network used for final testing and debugging before an app is deployed to their main network. Instead, it will achieve full on-chain decentralization. On Sunday morning, NASA officials said "everything to date looks very good" and the launch is still a go. Crypto Insiders founder Zoran Kole revealed the possible launch of a Near Protocol native stablecoin. Launch In terms of market cap, the contrast is similar as Terra stands at $40 billion and Near at $10 billion. Near Protocol will launch its own stablecoin $USN on April 20 Terra Heads Up, Why NEAR May Launch Stablecoin With 20% APR NEAR Kole argues that the launch of algorithmic stability will contribute to Proximity increasing its market share and surpassing Terra. Near Protocol (NEAR) Launches New Algorithmic Stablecoin USN In the Stablecoin 3.0 era, USDD will not rely on any centralized institutions for redemption, management, and storage. NEAR The announcement was made by Zorax Capital founder Zoran Kole via a Substack blog post. It then shifted into a lower gear and dropped to a low of $3.97, which was below the 61.8% Fibonacci Retracement level. Furthermore, the USN and these stablecoins will offer an extremely attractive ~20% APR, which will ignite DeFi capital rotation into the Near ecosystem, siphoning the total value locked from other alternative layer-one protocols. Martin Bilui. The *Disclaimer. Information about the possible launch of the USN stablecoin first emerged on April 7. Indeed, Near plans to launch its own native stablecoin before the end of April, as confirmed by Zorax Capital founder Zoran Kole via a Substack article. Launch near Buying and selling within the Close to Protocols algorithmic stablecoin started late-Monday. Dubbed USN, it is said that it could follow a similar mechanism to Terras UST, where NEAR tokens would be burned when users want to mint the stablecoin to increase its demand. NEAR Protocol to launch its native stablecoin USN this month Know the best platform to launch a stablecoin ; When stablecoins were first developed, the only option to launch them was at Ethereum, but not today. The USN stablecoin recently went live on the Near public testnet on 20th April, bringing it closer to reality. In contrast, Near records $ 300 million in total value locked (TVL). NEAR Protocol Launches Stablecoin on Testnet, Aims to Compete The project will offer DeFi exposure to the investors as well as help them to earn a 20% APY on their USN holdings. NEAR NEAR. Via a substack post, Kole claimed the digital asset will be announce on April 20 as an algorithmic stablecoin called USN. NEAR The success of Terras UST stablecoin brought 2 L1 blockchain participants right into the area, Tron as well as NEARProtocol In truth, NEAR Protocols USN stablecoin launch in April as well as Trons USDD stablecoin launch on May 5 have actually obtained focus from the crypto market. Meanwhile, the buying pressure behind NEAR appears to be increasing. 2) Backed Partnerships: Backing a stablecoin in coordination with a high value partner like Decentral Bank to further grow your network. August 28, 2022, 6:21 PM. According to the official blog post titled The Future is NEAR, the founder of the popular Telegram group known as Crypto Insiders, Zoran Kole, revealed that the Near Protocol would launch the stablecoin USN on April 20. near launch The stablecoin market is currently dominatted by USDT which accounts for 45% of the entire stablecoin pie. Tethers closest rival is Circles USD Coin or USDC with a market share of 26%. The third-largest stablecoin by market capitalization is Binance USD (BUSD) which has a circulation of 17.6 billion tokens according to CoinMarketCap. NEAR create and launch a Stablecoin NEAR The launch validates earlier allegation that the stablecoin was Kujira is a cryptocurrency project that started on the Terra Classic blockchain. A funnel cloud begins to form as thunderstorms develop around Kennedy Space Center and Pad 39B Friday, Aug. 26, 2022. This document presents the current status and future plans for the USN v2.0 project. Near Protocol is bringing out its own stablecoin called USN, The Block has learned, according to two sources familiar with the situation. NEAR Protocol launched its much-anticipated USN stablecoin on its public testnet on April 20. The platform is also reportedly partnering to deliver a multi-stablecoin savings option with interest rates comparable to Anchor Protocol. On April 20, NEAR Protocol ( NEAR) launched its own algorithmic stablecoin, USN, on its public testnet. NASA officials said things appear to be on schedule for Mondays launch of Artemis I, despite some tense moments after several lightning strikes near the launch pad Saturday afternoon. Crypto Insiders founder Zoran Kole revealed the possible launch of a Near Protocol native stablecoin. Stablecoin Near Near Protocol price prediction. The digital asset will be deployed in cooperation with other well capitalized stablecoins, according to the post. Related Reading | TA: Terra (LUNA) Surges, Is It Eyeing A Correction Now? stablecoin Crypto VC: NEAR Will Launch Its USN Stablecoin with 20% APY Launch Heat index values as high as 105. Near Protocol To Launch its Own Stablecoin $USN on April 20th NEAR Stablecoin Near Protocol is set to launch a stablecoin called USN: Sources Near Destroy The Contest Crews worked throughout the night testing systems on the SLS and other parts of the spacecraft, ensuring there wasnt any damage. Another Stablecoin Joins NEAR Ecosystem The news of the launch was announced in a statement by NEARs DeFi arm, Proximity Labs, confirming a prior report that the stablecoin was in development.
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