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Live USDN Price Analysis
The current real time Neutrino USD price is $0.7347, and its trading volume is $0 in the last 24 hours. USDN price has grew by
2,623.44%
in the last day, and increased by
10.00%
in the last 7 days. It's important to note that current Neutrino USD market capitalization is $38,191,362, and the maximum supply is 408,891,338 USDN coins. Talking about circulating supply, USDN has 51,980,734 coins. Currently, Neutrino USD rank on the market is #388.
Neutrino USD price today is
49.03%
below
all time high, and it is
5,006.65%
above
all time low.
All data and prices are updated in real-time. The most active and popular exchanges for buying or selling USDN are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.
What Is Neutrino USD (USDN)?
Neutrino USD (USDN) is an algorithmic crypto-collateralized stablecoin. It’s pegged to the US dollar at a 1:1 rate, meaning that 1 USDN is equal to $1. The stablecoin is built on the Neutrino protocol, which is an algorithmic price-stable assetization protocol based on the Waves blockchain. It allows users to develop stablecoins tied to crypto or real-world assets.
The Neutrino protocol consists of a group of interconnected smart contracts written in the programming language called Ride. Besides, the Neutrino ecosystem is made up of three tokens – WAVES, USDN, and NSBT.
WAVES is the native token of the Waves blockchain, and it is employed to cover transaction costs. Besides, WAVES acts as collateral for USDN. NSBT token, on the other hand, is a recapitalization and governance token of the Neutrino system. It ensures that the USDN collateral reserves stay stable.
A total of 1 trillion Neutrino USD crypto assets were initially created and locked in the contract, with no room for further issuance. No one has access to the locked assets, not even the Neutrino development team. The issued USDN tokens can only be released by exchanging WAVES for USDN via the Waves exchange.
Note that the USD price is still subject to some degree of fluctuation. However, it usually stays very close to $1, even when it does fluctuate. Check out the USDN price chart above to see that yourself.
The Use Cases of Neutrino USD Tokens
To begin with, USDN tokens serve as collateral for other stable assets stored on the Neutrino protocol. Since the USDN price is stable, it can be used as a backup plan for investors during periods of extreme fluctuation. Investors can exchange their assets for USDN tokens this way, preserving the value of their funds.
Secondly, USDN tokens can be staked. As a reward, USDN stakers get a fee from leased collateralized WAVES reserves in USDN coins.
Furthermore, since USDN is a stablecoin, it’s a tool that can be used to deal with the liquidity of the whole crypto market. This is the case because the Neutrino USD price is not affected by the volatility of the crypto market.
What's Neutrino USD trading volume in the last 24 hours?
USDN has a trading volume of $0 in the last 24 hours.
What's Neutrino USD highest price ever?
USDN has a highest price of $1.44, which was reached on Aug 28, 2023 (1 year 9 months ago).
What's Neutrino USD lowest price ever?
USDN has a lowest price of $0.0144, which was reached on Jun 24, 2024 (11 months 2 weeks ago).
What are the best exchanges for buying and selling USDN?
Currently, the most active and dominating exchanges for buying and selling Neutrino USD are Binance, Kraken & Kucoin. The most popular Neutrino USD trading pairs are Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for keeping USDN?
According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Neutrino USD. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.
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