Cryptocurrency exchange Binance integrated the NEAR protocol network with USDT


Binance has successfully made possible transactions in USDT on the NEAR protocol network. Both deposits and withdrawals for Tether (USDT) are available. It is important to note that USDT cannot be sent directly to the EVM network, so it must first be exchanged for USDT.e. Also, when withdrawing funds, one should always ensure that the correct ticker is used.

About a year ago, there were reports that Near Protocol was going to introduce a high-yielding stablecoin, and it even had a name - USN. These rumours were backed up by evidence: Twitter users noticed USN assets on a test version of Ref Finance in the stablecoin section along with other popular assets such as USDC, USDT and DAI.

Stablecoin was eventually issued. However, it was later withdrawn from circulation due to "insufficient security in highly volatile markets". Moreover, they initiated a "$40 million USN security scheme" and customers were able to exchange USN into USDT at a 1:1 ratio.

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