SMARDEX USDN Price (USDN)

Price of SMARDEX USDN (USDN) Today

The live price of SMARDEX USDN (USDN) today is 1.004 USD. It has a current market cap of $ 2.22M USD. USDN to USD price is updated in real-time.
Key SMARDEX USDN Market Performance:
- 24-hour trading volume is -- USD
- SMARDEX USDN price change within the day is -0.27%
- It has a circulating supply of 2.21M USD

Get real-time price updates of the USDN to USD price on MEXC. Stay informed with the latest data and market analysis. It is essential for making smart trading decisions in the fast-paced cryptocurrency market. MEXC is your go-to platform for accurate USDN price information.

SMARDEX USDN (USDN) Price Performance in USD

During today, the price change of SMARDEX USDN to USD was $ -0.002783367400111.
In the past 30 days, the price change of SMARDEX USDN to USD was $ +0.0057495064.
In the past 60 days, the price change of SMARDEX USDN to USD was $ +0.0045154900.
In the past 90 days, the price change of SMARDEX USDN to USD was $ +0.002897787604156.

SMARDEX USDN (USDN) Price Analysis

Discover the latest price analysis of SMARDEX USDN: 24h Low & High, ATH and daily changes:

SMARDEX USDN (USDN) Market Information

Dive into the market statistics: market cap, 24h volume, and supply:

What is SMARDEX USDN (USDN)

USDN is a pioneering synthetic U.S. dollar token developed within the SmarDex ecosystem. Unlike traditional stablecoins that often depend on centralized reserves or collateral to maintain their value, USDN employs a fully decentralized approach. Its value stability is achieved through a mathematical financial process known as a Delta-Neutral strategy. This strategy involves balancing two distinct groups of participants: - Vault Participants: These users deposit assets into the protocol’s vault to mint USDN tokens. - Long Position Traders: These traders open leveraged long positions on the underlying asset, seeking amplified exposure. The interplay between these groups ensures that USDN maintains a value close to that of the U.S. dollar while simultaneously generating yields for its holders. This design offers a decentralized alternative to traditional stablecoins, providing both stability and profitability within the decentralized finance (DeFi) landscape. 

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Disclaimer

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