US Nerite Dollar USND
USND
1.002
$
0.05 %
Change 24h
Market Cap
$ 2,154,217
Volume 24h
$ 25,896
Circulating Supply
2,150,085
Total Supply
473,865
USND
$
| # | Exchange | Pair | Price | Volume 24h |
|---|
Description
USND is a Streamable and Redeemable stablecoin pegged to $1.00 issued by the Nerite protocol, a friendly fork of Liquity on Arbitrum. It allows users to borrow against ETH, wstETH, rETH, tBTC, plus some LRTs and Defi tokens. Borrowers can choose their own interest rates when creating a Collateralized Debt Position (CDP) on Nerite. USND is natively yield bearing when deposited in the Stability Pools (SPs). Yield is earned through borrowing fees (75% of fees paid by borrowers goes to the stability pool USND stablecoin depositors), liquidations, and inflationary incentives.