Nova USD

USDN Price

Nova USD (USDN) is a fully reserved, USD-pegged stablecoin issued by Coconut Financial Holdings Ltd, a British Virgin Islands (BVI) company. Each USDN is backed 1:1 by USD-equivalent reserves held in segregated accounts at licensed banks. The reserves are maintained in AED, which has been pegged to the US dollar since 1997, and are subject to monthly CPA attestations conducted under ISAE 3000.

USDN has a demand-driven supply model. Tokens are minted only when a licensed, KYB-verified distributor deposits the corresponding fiat amount and are burned when redeemed. The project does not have a pre-mine, team or treasury token allocation, or token sale. USDN is designed for settlement, payments and trading across conventional and Islamic finance markets in the GCC and other markets.

Where can you buy Nova USD?

USDN tokens are currently unavailable to trade on exchanges listed on CoinGecko. Information will be updated when the token is available on centralized/decentralized exchanges.

When can we expect Nova USD (USDN) tokens to launch?

While CoinGecko cannot provide details on the launch of USDN tokens, you can stay updated on USDN's price movements by adding USDN to your watchlist.