What is NOVA USD(USDN)?

Basic information about USDN

Coin name:

Nova USD

Coin symbol:

Coin introduction:

Nova USD (USDN) is a fully reserved, USD-pegged stablecoin issued by Coconut Financial Holdings Ltd, a British Virgin Islands (BVI) company. Each USDN is backed 1:1 by USD-equivalent reserves held in segregated accounts at licensed banks. The reserves are maintained in AED, which has been pegged to the US dollar since 1997, and are subject to monthly CPA attestations conducted under ISAE 3000. USDN has a demand-driven supply model. Tokens are minted only when a licensed, KYB-verified distributor deposits the corresponding fiat amount and are burned when redeemed. The project does not have a pre-mine, team or treasury token allocation, or token sale. USDN is designed for settlement, payments and trading across conventional and Islamic finance markets in the GCC and other markets.

Current Price:

$1.00More coin details

All-time high:

$1.00

All-time low:

$1.00

USDN Supply Info and Tokenomics

Circulating supply:

120,000

Total supply:

120,000

Max supply:

Market cap:

$119.84K

Fully diluted valuation:

$119.84K

What is the outlook and future value of USDN?

The current market cap of USDN is $119.84K, ranked 6237 in the market, showing that the market already recognizes the value of USDN. When a bull market arrives, the market cap of USDN may continue to grow.

Moreover, if USDN can play a greater role in real-world applications—such as if the Monero developers can fully empower USDN and establish partnerships with more business partners to expand its user base—then the long-term value of USDN will be further enhanced.

What is the price of USDN in 2027?

According to the historical price performance prediction model of USDN, the price of USDN is expected to reach $1.05 at 2027.

Note: As with any crypto investment, investors should closely monitor USDN’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get USDN?

Purchasing USDN with cash is not the only way to obtain USDN. If you have enough time, you can get USDN for free.

Learn how to get Hot rewards for free with USDN.

Earn free USDN by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get USDN airdrops for free.

All crypto airdrops and rewards can be exchanged for USDN through LBank spot trading.

Buy USDN starting from $1

What is USDN used for and how to use it?

The use cases for USDN may grow with the development of the crypto market and project progress. Currently, you can use USDN to:

Arbitrage trading of USDN

USDN is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many USDN trading pairs to suit your needs.

Earn yield with USDN

You can also lend out USDN or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your USDN gains.

Send or pay with USDN

If you want to pay someone with USDN, you can easily and quickly send USDN to them using their receiving address.

You can also visit the official website of Nova USD to learn more use cases of USDN, such as whether the Nova USD project supports community/eco apps or buying physical or virtual goods with USDN.