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The ​Neutrino protocol is an algorithmic price-stable assetization protocol that enables the creation of stable coins tied to real-world assets or cryptocurrency.[1] The Neutrino system consists of 3 core core tokens: WAVES, USDN and NSBT. The project was founded by Aleksei Pupyshev in 2019.[2]


WAVES is a core token of the Waves blockchain that is used for paying transaction fees. It serves as a collateral for USDN, the main Neutrino stablecoin.

USDN is an algorithmic stablecoin pegged to the US dollar. It serves as a collateral for other Neutrino stable assets.

NSBT is a recapitalization and governance token of the Neutrino protocol that ensures the USDN collateral reserves’ stability.