About SMARDEX 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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Market Stats
Market Cap
Not enough data
-0.75%
FDV
Not enough data
Circ. Supply
3.7M USDN
Max Supply
Not enough data
Total Supply
3.7M USDN
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
Not enough data
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
Not enough data
Price Change (1Y)
Additional details
Recent trends
The latest USDN price is €0.85.
Market details
USDN vs markets
↘ 31.85%
USDN vs BTC
↘ 42.61%
USDN vs ETH
↗ 41.59%
Tags
stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xde17a000BA631c5d7c2Bd9FB692EFeA52D90DEE2 |
Price history
Time | Price | Change |
|---|---|---|
Today | €0.85 | ↘ 0.08% |
1 Day | €0.86 | 0.00% |
1 Week | €0.87 | 0.00% |
1 Month | €0.88 | 0.00% |
1 Year | €0.86 | 0.00% |
FAQ
We update our SMARDEX USDN to EUR currency in real-time. Get the live price of SMARDEX USDN on Coinbase.
Assets that have a similar market cap to SMARDEX USDN include zkRace, CumRocket, Morpheus.Network, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of SMARDEX USDN is 3.7 million.
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