Nexus USD(NUSD)
Market Cap$2.66m
Price$1
Total Circulating2.66m
Stablecoin Information
nUSD, or "nexus" USD, is a cross-chain stablecoin fully backed by the nexus stablecoin liquidity pool on Ethereum consisting of DAI, USDC, and USDT.
Category:crypto-backed
Minting and RedemptionWhen a stablecoin is bridged between Synapse-enabled chains, the funds are automatically converted to nUSD, and bridged to the destination chain. Once there, this nUSD can be auto-swapped to that chain's native stablecoins using the local nUSD pool.
Audits:No