Buy, Sell, & Trade USDN
Exchange USDN with USD and Cryptocurrency
Rubix is your platform for Neutrino USD exchange and trading. We help you buy and sell a variety of cryptocurrencies and USDN to USD exchanges are our specialty.
While the rapid growth of cryptocurrency has begun to show the promise of blockchain technology and decentralized finance, there are certain obstacles it faces. While they give an edge against inflation, there are certain drawbacks such as extreme volatility. This volatility attracts investors but creates some difficulties in trading and commerce. As such, stablecoins such as Neutrino USD have a valuable niche in supporting the crypto economy.
Neutrino USD is a stablecoin with a value pegged to the US Dollar without relying on dollar backing in the way other stablecoins often do. Instead, Neutrino USD has an advanced algorithm that facilitates automatic, decentralized management to keep the price stable to the dollar. It relies on the WAVES blockchain and token to back its value, and provides generous rewards to those who stake crypto to support the currency.
Since USDN is a stablecoin, price is not the primary measure of its success. Rather, growth of the currency looks like an increasing market cap with corresponding increases in the amount of USDN in circulation as well as growing adoption. USDN has seen impressive growth in market cap of more than $700 million and rising as of March 2022.
The token uses a novel staking method, as those who hold WAVES tokens can stake them with the protocol to create more USDN. A smart contract maintains the value of USDN by managing token sales, decreasing prices to increase demand or increasing prices to reduce demand. By this mechanism, supporters can earn considerable rewards while facilitating the function of USDN.
Who created USDN?
The original creators of Neutrino USD built it as part of the WAVES network under Ventuary Lab with assistance from KozhinDev and Tradisys. While the original beta launch took place in 2019, the coin has grown considerably since then. Each of the developers have interesting backgrounds in cryptocurrency, with Tradisys working in blockchain gaming in the past. Together, these disparate companies have successfully brought together a unique collection of skills to build an innovative stablecoin.
How do I exchange and trade Neutrino USD?
The way to exchange and trade Neutrino USD depends on if you want to gain or sell USDN. First off, there are two ways to procure Neutrino USD. If you have WAVES tokens, then you can stake it with the Neutrino USD protocol to gain USDN that is collateralized by the WAVES tokens. Alternatively, you have the option of signing in to an exchange and trading popular cryptos and fiat currencies for USDN.
If you want to exchange and trade the token, simply sign up for the exchange of your choice and set up a currency pairing between USDN and the other currency you want to trade. This will provide you with the information you need to trade, such as the current exchange rate and token availability. When you are looking to exchange and trade Neutrino USD, choose Rubix for the best experience.
Exchange USDN using Rubix
Rubix is the ideal USDN exchange for beginners and experts alike. If you want to trade with us, it is easy to sign up for a new account and set up your secure crypto wallet. With the help of our robust encryption and advanced web architecture, you can rest assured that all of your assets in your account are secure. From here, you will be able to enjoy other perks of the Rubix experience, such as our high liquidity, real-time trading tools, and user-friendly interface.