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Stablecoin Staking is Finally Possible: Neutrino USD (USDN) Offers a Safer Alternative to Tether




As the market capitalization of USDT and USDC keeps rising, recent asset freezes underline their inherent risks. Will these incidents cause more investors to turn to decentralized stablecoins, such as DAI and the stakable USDN?

Since the start of June, Tether’s market cap has grown by 13%, and that of USDC Coin has finally crossed the $1bn mark. The Covid-19 pandemic has given a tremendous boost to the stablecoin markets as investors search for ways to protect their capital away from the stock market.

Apart from a hedge against volatility, dollar-pegged cryptocurrencies offer something that no bank or money market …

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