Neutral Announces Launch of Neutral Dollar (NUSD) Stablecoin, Initially Comprising of DAI, TUSD, PAX, and USDC

Funded by Sequoia, Neutral Dollar Aims to Improve Stability and Liquidity for the Cryptomarkets   San Francisco — Neutral, an open financial protocol, is building a suite of financial products on-chain, and has announced the launch of its first product, a stablecoin called Neutral Dollar (NUSD). Neutral Dollar is currently collateralized by DAI, TUSD, PAX, and USDC, and its constituent basket will evolve to include other stablecoins, further increasing stability as the market matures.   Neutral Dollar’s value is maintained by a unique economic mechanism, which rebalances the composition of…

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