Neutrino USD (USDN) is an algorithmic stablecoin pegged to the US dollar and backed by WAVES. All transactions with USDN (including awarding, staking and payment of rewards) are completely transparent and are handled via a smart contract. Detailed information about the what is Neutrino USD coin USDN and how does it work, how much it costs, how to buy, etc. is located in the continuation of the article. You can browse here for information about SAFEMOON coin.
What is Neutrino USD coin (USDN) and how does it work?
Stablecoins are cryptocurrencies whose price is pegged to the price of real assets, such as the US dollar. Recently, stablecoins have emerged as an important tool in decentralized finance (DeFi). With stablecoins, users can store their balances on the blockchain with less risk. If necessary, they can quickly exchange their stablecoins for fiat currencies at low fees. In this context, there are many stablecoin projects that have emerged for these purposes in the crypto money market. One of them is Neutrino USD (USDN), which makes an assertive entry into the market with its advanced features.
Neutrino USD (USDN) is an algorithmic stablecoin pegged to the US dollar and backed by WAVES. Neutrino USD represents a major improvement over fiat-based stablecoins. It uses crypto (WAVES) as a reserve and the whole system is calibrated so that all checks and balances ensure that Neutrino USD tends to maintain a fixed price, which allows users to achieve stability and absolute transparency.
How to buy Neutrino USD (USDN)? How much is the USDN price?
Since Neutrino USD (USDN) is a dollar-pegged stablecoin, its price is around $1. USDN can be purchased from the cryptocurrency exchanges where it is listed. What should be noted here is that the cryptocurrency exchange to be traded is “reliable”. It is in your best interest to choose a reliable exchange so that you do not risk your money.
For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency