The stablecoin market is back with a new generation of encrypted stablecoin, USDN.
NGK Global aims to create a new generation of encrypted stablecoin, USDN, which will be officially launched in October this year. It is functionally equivalent to stablecoins such as USDT, GUSD, and PAX. In addition, the technical team claims that it is equipped with DPOSS mechanism and makes the world to have unlimited expectations for USDN.
Although there are many stablecoins in the market, we found that the market has controversial opinions over them. Many users are unhappy with the blindly expansion of stablecoin’s issuance, its refusal for verifications from audit companies, and its tedious characteristic as a trading medium.
The emergence of USDN will improve the ecological environment of stablecoin. It is a fully mortgageable stablecoin against the dollar. USDN provides detailed financial and operational transparency and operates within the framework of the U.S. Currency Exchange Act. Besides, it also works many banking institutions and audit teams.
According to the developers of USDN, it has a unique smart algorithm. By incoporating the DPOSS mechanism, the stablecoin has since added a wealth of financial attributes, which will enable it to stand out in the fierce competition in the future and become a widely used stablecoin for the global market.
USDN is arguably the strongest stablecoin. It combined the advantages of USDT and USDC, and optimized them to achieve an upgrade.
USDN will be developed and operated in NGK.IO. In addition to the payment transactions with other tokens, it can also be used for smart contracts, so that DAPP can support fiat currency. At the same time, NGK Global will store the transaction information of USDN in an independent distributed ledger through the equivalent data.
According to relevant internal testers, they are hoping to create USDN as a stablecoin that can achieve interoperability in all blockchain networks. This will allow users to interact with more DAPP platforms, which will increase the value of stablecoin market.
