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Near Foundation Urges Winding Down USN Stablecoin, Funds a $40M Backstop
The foundation is setting aside the funds for a "protection programme," which it says is equal to the amount of a "collateral gap" associated with the undercollateralization of the USN project.
Updated Oct 25, 2022, 6:23 p.m. Published Oct 24, 2022, 3:36 p.m.
