Hello! The automatic adjustment mechanism for USN annualized rate has been successfully operated for several days. Based on the actual situation and community suggestions, and in order to respond to market changes more quickly and flexibly. The foundation has decided to adjust the USN annualized rate reduction mechanism 2 trigger condition from the original “When average 24-hour USN exchange rate is from 0.98 USDT to 1.02 USDT for 3 consecutive days at UTC 00:00 (pegged)” to “When average 24-hour USN exchange rate is from 0.98 USDT to 1.02 USDT for 2 consecutive days at UTC 00:00 (pegged)”. The adjusted mechanism is as follows:
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March 12, 2021