Coinreview Near Protocol plans to launch its own stablecoin called USN.

By Expert Published on: 2022-04-10 11:20:18

Stablecoin rumors first surfaced when Zorax Capital founder Zoran Kole revealed that Near Protocol is launching a stablecoin that will offer a 20% yield.

In addition, the user interface on the testnet website of the Ref Finance exchange has begun displaying the USN coin along with other popular stablecoins such as USDC, USDT and DAI.

It is assumed that the stablecoin has begun the testing phase.

Near Protocol is a scalable blockchain that recently raised $350 million in a funding round led by Tiger Global, with participation from Republic Capital, Hashed, FTX Ventures, Dragonfly Capital and others.