CryptoCurrencies
17908
Exchanges
500
Total Market Cap
3,937,538,524,678
Volume 24h
207,416,943,584
Dominance
BTC 57.19%   ETH 10.97%   XRP 4.49%   USDT 4.16%

US Nerite Dollar
USND

1.004
$
0.19 %
Change 24h
Market Cap
$ 2,163,876
Volume 24h
$ 18,350
Circulating Supply
2,154,125
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.