In recent years, the rapid development of blockchain and digital money market, objectively need relatively stable prices of the transaction media and storage means, so as to promote the emergence of asset-based or off-chain asset-backed stable currency and algorithmic stable currency, in order to achieve a relatively stable price of digital currency. The market began to appear such as USDT, USDK, DAI, PAX and other representative of the stable currency, the use of these stable coins has also been rapid development in recent years. But these stable coins have their own problems, and the new smart contract stable currency USDN, which is about to go into service, is expected to solve these problems and seize their market. So where is the value of the smart contract stable currency USDN?
Firstly, its security value, USDN abandoned other stable currency mortgage issuance methods, the use of blockchain smart contracts to ensure the stability of USDN value, so that market participants can obtain algorithmic stable endorsement. At the same time, thanks to the STO distribution method adopted by the public chain NGK, it has protected against fraud and money laundering through a strong anti-money laundering (AML) compliance program, which can protect USDN holders. Second, its smart contract automatically adjusts the price, USDN smart contract system will be based on the circulation market USDN price decision to issue additional or destroy stable coins, and because USDN is based on the smart contract issue of blockchain, transparency is not a problem, while the NGK blockchain network cannot be tampered with, anyone can query the use of blockchain at any time USDN issuance and destruction. Finally, its payment value, USDN as an application token, with application performance, payment performance, but also has algorithmic performance, can be used to solve more scenarios of payment clearing problems.
It is believed that as the market share of USDN continues to expand, USDN, as a more capable means of payment and value storage on the market today, will make a faster, cheaper and more inclusive contribution to the development of the global payment system than the existing system.
