About
USDN is a yield-bearing stablecoin issued on the Noble blockchain (Cosmos ecosystem), an implementation of the M0 protocol. Backed by short-term U.S. Treasury Bills, it offers a treasury-backed stablecoin with automated yield accrual.
Categories
RWA Backed
Treasuries Backed
Risks
Assets Stored Offchain
Custodian Risk
Liquidations Oracle Issues
TVL
$46.33M
-5.37%
Price
$1.00
+0.01%
APY (30d)
3.85%
-0.18%
-0.21%
YPO (30d)
$148.14K
Performance History
TVL/YPO History
Historical Data
APY/Benchmarks History
FAQ on Mechanisms and Risks
Can I incur a loss?
Yes, in addition to the DeFi risks, if anything happens to the off-chain custody, the backing may be at risk.
How can I withdraw?
N/A
How can I verify the backing?
Currently the protocol uses backing data provided by M0, however, this data is not currently verified by a third party.
Are the RWAs risk-free assets or debt assets of any other kind?
Currently the RWAs backing $M and thus USDN are US short term treasuries with an average maturity between 30 and 90 days.
