Mat Di Salvo / Decrypt:

NEAR Protocol shuts down USN, its stablecoin launched in April 2022, “to safeguard USN holders” after USN exhibited risky characteristics like those of TerraUSD  —  To avoid another LUNA debacle, the undercollateralized USN will be phased out.  —  NEAR Protocol's stablecoin …

Mat Di Salvo / Decrypt:

NEAR Protocol shuts down USN, its stablecoin launched in April 2022, “to safeguard USN holders” after USN exhibited risky characteristics like those of TerraUSD  —  To avoid another LUNA debacle, the undercollateralized USN will be phased out.  —  NEAR Protocol's stablecoin …

Source: TechMeme
Source Link: http://www.techmeme.com/221024/p32#a221024p32