Dear NUSD users:
The project team is in the process of upgrading and adjusting the NUSD products. Given this situation, all trading pairs of NUSD were removed from the Kucoin platform on April 27th, 2020. The team is working with the Kucoin platform to repurchase the circulating NUSD supply. All user funds are secured and will be processed for all Kucoin users with NUSD balances. Users can deposit your held NUSD on Kucoin platform before May 27th, 2020. The team will repurchase the NUSD with USDT at 1:1 exchange rate for all Kucoin users with NUSD balances. The repurchase will be completed on June 1st, 2020 and same amount of USDT will be shown in users’ Kucoin accounts afterwards. Please be aware that May 27th will be the deadline for Kucoin deposit. …
Neutral has worked to broaden the use case of transfers and payments within the DeFi ecosystem. The team is proud to announce that our Dapp now supports Neutral Dollar access to underlying liquidity on Uniswap.
Uniswap is a decentralized protocol for token exchange, built upon Ethereum. …
The State of Stablecoins
Stablecoins are becoming a defining application for blockchain technology, as evident by the growth of fiat tokenization in response to last year’s turbulent market conditions. The rise in numbers of stable coin projects and the growing interest in these tokens show a cognitive shift in the wider crypto space, away from unwieldy volatility and towards a new horizon of tangible use cases that signify real interest to tokenize real assets.
Despite the potential of stablecoins, their problems are becoming evident with their proliferation, which we think of as ‘stablecoin fatigue’. Many stablecoins try to offer the same value proposition to the end user, making it hard to differentiate amongst one another, which in turn dilutes the messaging of what a stablecoin is, general understanding of how stablecoin business models work, and the distinctions between what stablecoins can serve different needs for users. Secondly — contrary to the name, most stablecoins aren’t stable. They also can’t guarantee liquidity as they advertise, meaning that tokenized assets may be somewhat inaccessible for investor usage. …
Neutral is an open financial protocol, that recently launched Neutral Dollar (NUSD). We are very happy to support Neutral stable coin as well as the Neutral DApp in our imToken wallet.
Neutral Dollar is an aggregated basket of stablecoins, currently pegged to DAI, TUSD, PAX, and USDC. The result is lower volatility, increased liquidity, and increased transparency when compared to other stablecoins on the market. Neutral Dollar’s value is maintained by a unique economic mechanism, which rebalances the composition of the basket in reaction to price fluctuations and enables on-chain swaps between stablecoins within the basket.
To take advantage of differing prices for the same stable coin you can exchange it for NUSD. Learn how to do that below. …
KuCoin is extremely proud to announce yet another great project coming to our trading platform. Neutral Dollar (NUSD) is now available on KuCoin. Supported trading pairs include BTC/NUSD and USDT/NUSD.
Please take note of the following schedule:
The Neutral Dollar (NUSD) is a metastable basket initially comprising of USDC, PAX, TUSD, and DAI. The NUSD basket itself is fully collateralized and inter-exchangeable with constituent stablecoins, with the ability to add new underlying stablecoins in the future. The construction is designed to be liquidity- and exchange- neutral, enabling the Neutral Dollar to have merits and applications that no individual stablecoin project alone can exhibit. …
Neutral and DDEX Collaborate to Bring Superior Digital Currencies to the Decentralized Community
Nexo, the most advanced and trusted provider of instant crypto credit lines is partnering with Neutral to provide 6.5% interest on their Neutral Dollar (NUSD) holdings.
Nexo has offered high-yield savings and passive income to investors on their stablecoin & EUR holdings of 6.5% while enjoying the benefits of no minimal requirements, withdrawals at any time, no fees, and insurance on custody.
To date, Nexo has processed over $500 million for over 200,000+ users. This remarkable achievement has been defined from over 10+ years of their experience in online credit automation, user experience and financial returns.
Now Nexo is following progress in the decentralized finance (DeFi) space, and will support Neutral Dollar holders interest-bearing services NUSD. …
Accessing the Platform
Neutral Dollar (NUSD) is an innovative, fully-collateralized stablecoin backed by a basket of stablecoins, initially comprising of USDC, PAX, DAI, and TUSD. Users can contribute any individually supported stablecoin through the Neutral platform.
Below are steps work through our platform and engage with our token. We encourage you all to listen in to our social channels if you have any questions!
A CN(中文) version can be found here
Want to work with us? We’re hiring!
We are thrilled to announce that the Neutral Dollar is now live. What has been the culmination of dedicated work and effort has led to the Neutral team creating the radical, redefining stablecoin for the cryptomarkets.
Neutral aims to create blockchain-native financial instruments and the infrastructure that underpins them. The team at Neutral is committed to facilitating wider crypto adoption through competitive offerings and services.
The team is led by investment, trading, and technical professionals well-versed in a wide array of topics. In addition, the team blends interdisciplinary topics from academia along with industry experience to innovate further upon the decentralized financial system.
To draw upon a parallel, the traditional market is still seeing accelerated growth in exchange-traded funds and derivative products across asset classes. …