What is US Nerite Dollar (USND)
What is US Nerite Dollar (USND)
Start learning about what is US Nerite Dollar through guides, tokenomics, trading information, and more.
US Nerite Dollar (USND) Basic Introduction
USND is a Streamable and Redeemable stablecoin pegged to $1.00 issued by the Nerite protocol, a friendly fork of Liquity on Arbitrum. It allows users to borrow against ETH, wstETH, rETH, tBTC, plus some LRTs and Defi tokens. Borrowers can choose their own interest rates when creating a Collateralized Debt Position (CDP) on Nerite. USND is natively yield bearing when deposited in the Stability Pools (SPs). Yield is earned through borrowing fees (75% of fees paid by borrowers goes to the stability pool USND stablecoin depositors), liquidations, and inflationary incentives.
US Nerite Dollar (USND) Profile
US Nerite Dollar (USND) Tokenomics
Tokenomics describes the economic model of US Nerite Dollar (USND), including its supply, distribution, and utility within the ecosystem. Factors such as total supply, circulating supply, and token allocation to the team, investors, or community play a major role in shaping its market behavior.
US Nerite Dollar TokenomicsPro Tip: Understanding USND's tokenomics, price trends, and market sentiment can help you better assess its potential future price movements.
US Nerite Dollar (USND) Price Prediction
Building on tokenomics and past performance, price predictions for USND aim to estimate where the token might be headed. Analysts and traders often look at supply dynamics, adoption trends, market sentiment, and broader crypto movements to form expectations. Did you know, MEXC has a price prediction tool that can assist you in measuring the future price of USND? Check it out now!
US Nerite Dollar Price PredictionDisclaimer
The information on this page regarding US Nerite Dollar (USND) is for informational purposes only and does not constitute financial, investment, or trading advice. MEXC makes no guarantees as to the accuracy, completeness, or reliability of the content provided. Cryptocurrency trading carries significant risks, including market volatility and potential loss of capital. You should conduct independent research, assess your financial situation, and consult a licensed advisor before making any investment decisions. MEXC is not liable for any losses or damages arising from reliance on this information.
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