Logo of NectarNectar(NECT)

Market Cap$323,586

Price$0.98

Total Circulating330,360

Stablecoin Information

Nectar (NECT) is Berachain's first natively backed stablecoin, minted through the Beraborrow CDP protocol and redeemable 1:1 against its underlying collateral.

Category:crypto-backed

Minting and Redemption

Users mint NECT by opening a Den and depositing approved Berachain assets as collateral. NECT can be redeemed at any time for the underlying collateral at face value.

Audits:No

Stablecoins Usage by Chain

NameBridge
Logo of BerachainBerachain (BERA)0+0.01%+0.05%-22.98%330,360