USN stablecoin goes live on NEAR Protocol
A decentralized stablecoin called USN has launched today on NEAR Protocol, a scalable Layer 1 blockchain, according to statement shared by NEAR’s DeFi arm Proximity Labs.
The USN stablecoin will pay roughly 10% annual yield from Decentral Bank. This minimum yield will come from Decentral DAO’s revenue from native staking of NEAR tokens with security validators. This staking process currently earns just about 11% return.