Why does USDN stands out among all of stable coins
Before introducing about USDN, let talk about what a stable coin is. Stable coins are certainly biased towards a steady, they are mostly committed to anchoring a fixed French currency, and most of the anchored French currency is the United States dollar. In the present market, there is no stable currency to achieve complete stability. Under the combination of market, legal channel, capital security, legal risk and so on, the stable currency will more or less deviate from the anchor value. The stability of the currency is not only the need for price stability, but also requires for internal stability, not because of the reserve misappropriation, law enforcement seal, smart contract loopholes and other extreme circumstances and zero situation.
Due to the backdrop of wide spreading doubts about the stability of the currency in the market, the NGK team discovered a solution by issuing USDN based on NGK.IO. USDN performances steady result among 50 types of stable coins worldwide.
USDN is released through NGK public chain, and the algorithmic distribution mechanism gives advantage for USDN to act transparently and secured without transaction fees charged. In the current stable currency market, the characteristics of algorithmic stable coins for USDN brings unlimited market value scalability, is rare without any central exchange or institution owned or controlled by stable coins. This makes USDN become independent in any exchange or institution and the world’s most customer-centric and stable currency. This feature enables USDN easy in adapt of exchanges, over-the-top trading, and other practical applications more than any other stable currency, and makes USDN the most liquidity and physically traded stable currency on the market.
In additionally, all NGK wallets are mostly able to support USDN during sending and receiving transactions, users or institutions can easily get NGK wallet or a USDN-supported wallet for dealing operation. USDN provides a reliable and flexible service that allows customers to trade endlessly within a 7×24 hours’ time range, even without a USD bank account.
From the above introduction, we can conclude that USDN is a stable currency in category of stable currency, there are many ecological partners choose to corporate with the NGK public chain and this is a good circumstance in dealing.