USDN stablecoin: an excellent entry point for breakthroughs in digital assets
In 2013, four years after the Bitcoin white paper appeared, the first stablecoin appeared. The appearance time of stablecoins is close to the emergence time of Ethereum, which is earlier than the appearance time of many cryptocurrencies on the market.
Stablecoins are actually to form a relatively stable price reference, which maps real-world value standards into the digital asset industry.
The decentralization and differentiation of the existing financial settlement system provide opportunities for the use of stablecoins. In the traditional trading scenario, different legal currencies can only be circulated in specific countries and regions, while stable currencies are different. It is a recognized digital token on the chain, which can realize global transactions and simplify transaction procedures.
The currently popular algorithmic stable currency USDN stable currency is used as a trading medium to facilitate users to integrate assets. For users who hold multiple coin assets at the same time, it may not be easy to directly exchange new assets, because there are currently more than 6000 types of cryptocurrencies on the market, and market services are limited. Therefore, the USDN stable currency can help many exchanges provide stable currency trading pairs and help users realize the conversion of different assets. At the same time, with the development of DeFi, USDN stablecoins can also be used to mortgage and trade synthetic assets.
In addition, the USDN stable currency broadens the application of digital assets in asset management, value storage, transaction channels and other directions, and has the value of sustainable development.
On the one hand, the threshold for holding USDN stablecoins is low. USDN will be listed on mainstream exchanges, and the exchange will support USDN stable currency trading. After the user selects the exchange, the user can exchange it for USDN and participate in the mining of NGK.
On the other hand, USDN stable currency is based on the chain operation of the encrypted currency network, and people can conduct asset transactions anytime and anywhere.
USDN is endorsed by credibility, meets regulatory requirements, and develops in compliance with laws and regulations. Therefore, the capital market has also shown considerable investment enthusiasm for USDN stablecoins, which will promote the development of USDN stablecoins.
More importantly, the USDN stable currency has promoted the popularity of digital assets to a certain extent.
Relying on the ecological layout of NGK, USDN stable currency will be widely used as a common currency type in digital asset transactions. With the rise of DeFi projects, USDN stable currency mortgage and transaction events will also increase significantly, which will play a positive role in enhancing the liquidity of digital assets.
Stable coins able to be a medium for stabilizing assets, avoiding the loss of income due to the violent fluctuation of market prices. It improves people’s ability to respond to the high volatility of encrypted assets, which is conducive to the popularization of digital assets. USDN anchors the U.S. dollar and will not be subject to fluctuations in market conditions. It has a wide range of applications, convenient exchange for users, and easy to meet people’s over-the-counter transaction needs.
The current digital asset industry needs to establish a connection with the real economy, and the USDN stable currency will also serve as a bridge.
