Announcement on USN Peg Issue

Dear users,

Hello! USN Stablecoin is a decentralized staking-based stablecoin project on EOS chain, its goal is 1:1 pegged to USDT. Recently, USN Stablecoin exchange rate is staying unpegged for some time. According to "USN Annualized Fee Rate Automatic Adjustment Mechanism", the annualized fee has reached its limit, 30%.

The Foundation has been closely watching the USN peg status. In order to make USN stablecoin back to the peg, if the 24H average exchange rate of USN failed to return to its peg before 00:00 (UTC) April 28, 2021, an possible change for the annualized fee limit could occur. Please be noted!

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Defibox Foundation
April 25, 2021