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Back to Stablecoins
Neutrino USD
Rank #25USDNAlgorithmic

Neutrino USD

Pegged to

USD

Market Cap

$50.00M

24h Volume

$1.00M

Circulating Supply

50.00M USDN

Total Supply

50.00M USDN

Peg Target

USD

Collateral Type

Algorithmic

Issuer

Neutrino Protocol

Launch Date

01-10-2019

About Neutrino USD

Neutrino USD (USDN) is an algorithmic stablecoin built on the Waves blockchain. Users can mint USDN by locking WAVES tokens as collateral, with the peg maintained through a dual-token system involving the NSBT governance token. USDN experienced significant de-pegging events in 2022 when WAVES price volatility caused undercollateralisation. The protocol has faced criticism for its stability mechanisms and the close relationship between USDN and WAVES token price movements.

Supported Blockchains

Waves

Pros

  • Native to Waves ecosystem
  • Staking yield for holders
  • Governance via NSBT token
  • Low transaction fees on Waves

Cons

  • Multiple de-peg events in 2022
  • WAVES-only collateral risk
  • Limited ecosystem outside Waves
  • Controversial stability mechanisms

Key Features

Built on Waves blockchain
WAVES-collateralised minting
NSBT governance token
Staking rewards for USDN holders
Neutrino dApp ecosystem
Algorithmic peg maintenance

Stablecoin Information

Category

Algorithmic

Collateral Type

Algorithmic

Issuer

Neutrino Protocol

Community & Socials

Website Twitter / X Telegram GitHub

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