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Nalezeno "USN stablecoin": 3
Wintermute Considers Legal Action as NEAR Foundation Refuses Redemption of $11.2 Million USN Stablecoin
8.11.2023
Image Source: Wintermute Crypto market maker Wintermute is considering legal action after the NEAR Foundation and Aurora allegedly failed to honor an agreement to convert $11.2 million worth of USN stablecoins. In a recent post on X (formerly Twitter), Wintermute CEO Evgeny Gaevoy accused NEAR...
Wintermute claims NEAR backed out of $11M stablecoin redemption deal
8.11.2023
Wintermute founder and CEO Evgeny Gaevoy says the Near Foundation reneged on an offer to convert $11m million worth of its stablecoin
NEAR Foundation Urges Wind-Down of USN Stablecoin, Sets Aside $40M
24.10.2022
The foundation is setting aside $40 million for a "protection program," which it says is equal to the amount of a "collateral gap" associated with the undercollateralization of the USN project