NEAR Protocol’s stablecoin USN, launched in April 2022, is shutting down to “safeguard USN holders” after it exhibited risky characteristics similar to TerraUSD (Mat Di Salvo/Decrypt)

Mat Di Salvo / Decrypt:
NEAR Protocol’s stablecoin USN, launched in April 2022, is shutting down to “safeguard USN holders” after it exhibited risky characteristics similar to TerraUSD  —  To avoid another LUNA debacle, the undercollateralized USN will be phased out.  —  NEAR Protocol’s stablecoin …