Near Foundation sets up M fund to bail out USN investors in case of collapse

Near Foundation sets up $40M fund to bail out USN investors in case of collapse

Near Protocol’s in-house stablecoin, USN, recently became undercollateralized, forcing Near Foundation to recommend winding down USN to prevent a situation similar to the Terra (LUNA) and TerraUSD (UST) collapse. Supporting this move, the…

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