Nerite USND(USND)
Market Cap$50,509
Price$1
Total Circulating50,507
Stablecoin Information
USND is an over-collateralized, governance-minimized stablecoin native to Arbitrum and fully backed by crypto collateral. USND also supports token streaming via Superfluid to enable real-time yield distribution.
Category:crypto-backed
Minting and Redemption
Users open vaults (“troves”) and deposit accepted collateral to mint USND up to their chosen collateral ratio. To unlock collateral, borrowers repay and burn USND, or anyone can redeem USND directly for $1 of the lowest-rate collateral, ensuring the peg.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | -1.89% | -2.26% | -29.75% | 50,507 |