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USN is a stablecoin built for NEAR, designed to stay closely aligned with the US Dollar and supported by a Reserve Fund holding NEAR and initially USDT. USN maintains its stability through on-chain arbitrage and a self-adjusting Reserve Fund guided by the Currency Board Principle. By bringing together the expansion potential of UST and the strong peg-protection approach of FRAX, USN aims to be a highly effective method for jumpstarting liquidity across the NEAR ecosystem-while also increasing the utility of NEAR through an added token layer.
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