Update: The Stablecoin has failed to maintain its peg , currently trading at $0.1 at the time of writing. The team seems to have abandoned the project.

This is yet another stable coin cryptocurrency that has the value of 1 USD. Unlike any most stablecoins, Nubits consists of two different assets: shares and the token itself. The Nu shares represent the ownership of the network.

These shares are staked and are used to verify all the transactions made on the network. Due to the proof of stake consensus, the amount of energy required to verify a transaction is also very low and fast at the same time. Thus, using it for day to day activities seem to be achievable. 

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