Rank #25USDNAlgorithmic

Neutrino USD

Pegged to

USD

Market Cap

$50.00M

24h Volume

$1.00M

Circulating Supply

50.00M USDN

Total Supply

50.00M USDN

Peg Target

USD

Collateral Type

Algorithmic

Issuer

Neutrino Protocol

Launch Date

01-10-2019

About Neutrino USD

Neutrino USD (USDN) is an algorithmic stablecoin built on the Waves blockchain. Users can mint USDN by locking WAVES tokens as collateral, with the peg maintained through a dual-token system involving the NSBT governance token. USDN experienced significant de-pegging events in 2022 when WAVES price volatility caused undercollateralisation. The protocol has faced criticism for its stability mechanisms and the close relationship between USDN and WAVES token price movements.

Supported Blockchains

Waves

Pros

Native to Waves ecosystem
Staking yield for holders
Governance via NSBT token
Low transaction fees on Waves

Cons

Multiple de-peg events in 2022
WAVES-only collateral risk
Limited ecosystem outside Waves
Controversial stability mechanisms

Key Features

Built on Waves blockchain

WAVES-collateralised minting

NSBT governance token

Staking rewards for USDN holders

Neutrino dApp ecosystem

Algorithmic peg maintenance

Stablecoin Information

Community & Socials

Website Twitter / X Telegram GitHub