USDN, a yield-bearing stablecoin introduced by Noble and supported by Paradigm and Polychain, has achieved a significant milestone. As per Noble’s official dashboard, USDN cumulative trading volume has gone beyond $1 billion, reflecting the extended use of the DeFi ecosystem.
This milestone points to the widespread adoption of stablecoins that provide passive income and at the same time keep their price stable.
$115 Million in Circulating Supply and 30,000+ Holders
Presently, USDN’s total supply is about $115 million, which is spread over more than 30,000 wallet addresses. The substantial number of users implies increased interest among DeFi traders who are looking for stability as well as yield-generating opportunities.
The continuous rise in users and volume indicates that USDN is increasingly being acknowledged as a dependable instrument for managing on-chain liquidity while receiving returns.
Over $1.35 Million in Yield Distributed
One of the unique features of USDN is its yield-bearing mechanism that allows token holders to earn passive income just by holding the token. The protocol has, therefore, distributed a cumulative yield of over $1.35 million to its users.
This distribution of yield is probably an essential element that attracts investors to seek this asset class with low risk and a regular stable income flow. USDN, by combining stability of the token price with the practical prospect of generating returns, steps forward as the first of its kind in the stablecoin market.
Backed by Leading Crypto Investors
Moreover, the trust of two prominent venture capital firms, Paradigm and Polychain Capital, which are recognized for their significant investments in the crypto space, provides additional credibility to USDN. Their participation reflects the solidity of the project and speaks of a visionary governance regime and competent technical supervision.
Indeed, as the DeFi ecosystem gets more and more sophisticated, stablecoins like USDN, which continue to provide yield opportunities without compromising on stability, will likely become critical components. The steady growth in its daily trading volume, the widening distribution of holdings, as well as the transparent yield mechanism suggest that USDN is positioning itself to be among the rising stars of the next generation of stablecoins.
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