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Near Foundation sets up $40M fund to bail out USN investors in case of collapse

The program was launched after Decentral Bank, the issuer of NEAR-native stablecoin USN, raised concerns about the stablecoin depegging due to algorithmic failure.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Near Foundation sets up $40M fund to bail out USN investors in case of collapse

The program was launched after Decentral Bank, the issuer of NEAR-native stablecoin USN, raised concerns about the stablecoin depegging due to algorithmic failure.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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