NUSD

NUSD, or Nuon USD, is a type of stablecoin that is pegged to the value of the US dollar. It is designed to maintain a 1:1 value ratio with the USD, providing stability in the often volatile cryptocurrency market. NUSD is typically used for trading, transactions, and as a store of value within decentralized finance (DeFi) projects, allowing users to minimize their exposure to price fluctuations while engaging in various cryptocurrency activities.