Analyzing USDN and Dai
Medium22 Jan 2021 | 16:23 pm
Waves developer Vladimir Zhuravlev discusses three features of the stablecoin USDN, built on Waves, focusing on differences from Dai, the world’s biggest algorithmic stablecoin at this point. Stablecoins are popular because they protect investors from volatility, enabling them to hold funds in crypto and quickly make transactions with DeFi instruments. USDN's mechanics for issue and collateralization are somewhat different.