LAWs may change the shape and size of America’s amphibious assault fleet Getty Images If the U.S. Navy fights China half as hard as it is currently fighting the U.S. Marine Corps over the Light ...
Tag: USN
Like It Or Not, New Nuclear Reactors Are Coming To The U.S. Waterfront
The last nuclear-powered guided missile cruiser USS South Carolina (CGN-37) left U.S service in 1999 Corbis via Getty Images Over the next decade, a combination of strategic, economic, and environment...
Navy’s Fire Prevention Efforts Face Scrutiny
Ironically enough, after the Bonhomme Richard fire, the Navy used the then-CO of the Abraham Lincoln … [+] to promote fire awareness in the fleet. U.S. Navy The Navy’s ongoing effort to prevent ...
NEAR Protocol Scraps USN Stablecoin
A $40 million collateral gap has forced the shutdown of the USN stablecoin, which was launched in April 2022 by the NEAR Protocol. Tokens Destroyed, TVL Drop The USN stablecoin was issued by the Dece...
NEAR Foundation Has Just Set Aside $40 Million for the Protection of $USN Holders – crypto.news
The collapse of stablecoins is becoming a major dread in the crypto-space; the NEAR foundation stablecoins (UST) is one of the worst hits. However, it is already taking measures to prevent another col...
NEAR Foundation Launches “Depeg” Protection for Algorithmic Stablecoin USN
The NEAR Foundation has set aside $40 million for a USN Protection Programme grant. This funding is intended to shield users from a recent issue relating to the USN stablecoin. This is to guarantee th...
Why The NEAR Foundation Will End Stablecoin USN
The NEAR Foundation will terminate its algorithmic stablecoin USN in the coming months. The organization launched a program to support the digital asset’s wind-down. Algorithmic stablecoins attracted...
Near Foundation sets up $40M fund to bail out USN investors in case of collapse
Near Protocol’s in-house stablecoin, USN, recently became undercollateralized, forcing Near Foundation to recommend winding down USN to prevent a situation similar to the Terra (LUNA) and TerraUSD (US...
Near Foundation launches a $40M fund to cushion USN stablecoin investors
Join Our Telegram channel to stay up to date on breaking news coverage After the USN stablecoin was undercollateralized, the Near Foundation proposed winding down the in-house stablecoin to ensure tha...
NEAR’s TVL down bad after axing Terra-like USN stablecoin
Popular decentralized app platform NEAR is winding down its native USN stablecoin, citing a number of problems since its shift to a non-algorithmic, Tether-backed version. USN launched in April as a v...
NEAR Nixes Algorithmic Stablecoin USN
USN became “susceptible to undercollateralization during extreme market conditions,” NEAR said The situation will make it hard for projects to maintain long-term interest in their algorithmic stableco...
NEAR Protocol Announces Shut Down of USN Stablecoin
11 seconds ago | 2 mins read Altcoin News USN had been inadequately collateralized as per the NEAR Foundation. NEAR Protocol’s USN was an algorithmic stablecoin at launch but later switched. After exh...
NEAR Halts USN Minting Due to $40 Million Undercollateralization
As one of the more prominent networks, the NEAR protocol is a building block for many blockchain ecosystems. One of these is USN, a stablecoin built on top of NEAR in April and run independently by De...
Near Foundation launches “protection programme” of $40m for USN users
Near protocol has announced a fund of $40 million to protect USN users from potential losses and ensure the stability of the stablecoin. The foundation made this decision in response to recent events ...
NEAR Protocol to Wind Down Stablecoin USN, Allocating Funds for User Protection
The NEAR Foundation, an organization, supporting the NEAR blockchain, announced on Monday that it is winding down its stablecoin, popularly known as USN. The foundation said it is shutting down the st...
Near Foundation Urges Winding Down of USN Stablecoin, Sets Aside $40M
According to the statement, DCB recently contacted the Near Foundation to advise it that USN had become undercollateralized, a condition that is “inherent” with algorithmic stablecoins, es...
Battleships Are Back! Navy Abruptly Boosts DDG/CG Building Targets For 2045
A notional Navy rendering of DDG(X), America’s future super-sized surface combatant. U.S. Navy Battleships are back! In little more than five months, the shape of America’s future Navy fleet cha...
Decentral Bank fixes bug that let one user mint 10 trillion USN for just $10
Decentral Bank says it has fixed a smart contract bug that briefly caused about 10 trillion USN tokens to be minted, the stablecoin developer announced on Thursday. The team has burned the tokens and ...
Decentral Bank pauses use of NEAR tokens for minting USN stablecoin
Decentral Bank, a decentralized autonomous organization (DAO), working on the USN stablecoin, stated it has temporarily paused allowing the use of NEAR tokens in the minting process of USN, a pivot aw...
ViaBTC Capital | After UST’s Fall, Can NEAR’s Stablecoin USN Avoid a Similar Death Spiral?
Background In May 2022, UST and LUNA, which once recorded a total market cap of over $40 billion, collapsed overnight, and plenty of users suffered huge losses as a result. Following the crash, algori...
Crypto Weekly Roundup: BTC Adopting Sustainability, DeFi Mortgage In Austin, USN Live On NEAR, Musk Acquires Twitter, LatAm Regulations, And More
Despite the turbulence affecting the rally of BTC, ETH, and other prominent cryptos, the changing landscape of regulations in Latin America has set the ball rolling. Additionally, this week also marks...
NEAR’s USN Is Live Now! Will NEAR Price Revist $20 ?
Yesterday, the cryptocurrency market was flashing red, but today it looks like the cryptocurrency market has found a pace with the global cryptocurrency market surging more than 5% and trading at $1.8...
NEAR Protocol’s USN Stablecoin Goes Live
The decentralized stablecoin, called USN, was launched on the NEAR Protocol mainnet today, led by the Decentral Bank DAO. Another Stablecoin Joins NEAR Ecosystem The news of the launch was announced ...
USN stablecoin goes live on Near Protocol
A decentralized stablecoin called USN has launched today on Near Protocol, a scalable Layer 1 blockchain, according to statement shared by Near’s DeFi arm Proximity Labs. The stablecoin can be checked...
NEAR Launches USN Stablecoin on Testnet
Key Takeaways NEAR has launched its USN stablecoin on testnet. Meanwhile, the buying pressure behind NEAR appears to be increasing. A sustained close above $17 could push the token to $22.40. Share...
NEAR launched USN stablecoin, what will this mean for the token?
NEAR Protocol NEAR/USD is a layer-1 blockchain that uses sharding technology as a means of achieving a high level of scalability. To achieve this, it utilizes smart contracts and adopts the Proof-of-...
Near Protocol Set to Roll Out Its own Stablecoin ($USN) On April 20 – crypto.news
Near Protocol, an open-source platform for decentralized applications is set to launch $USN, its own stablecoin that brings lucrative APYs to the DeFi ecosystem. The buzz around the algorithmic stable...
Near Protocol is set to launch a stablecoin called USN: Source
Near Protocol is bringing out its own stablecoin called USN, The Block has learned, according to a source familiar with the situation. Rumors surrounding the stablecoin first surfaced when Zoran Kole,...
Putin’s Dream Of New, Globe-Spanning Russian Navy Turns On Ukraine Invasion
Russia’s Navy modernization has been halted by engine problems. Getty Images It is easy to dismiss Vladimir Putin’s effort to retake Ukraine as an abstract effort to reconstitute the Soviet Unio...