Stablecoins are mostly used for buying, selling, lending, and borrowing cryptocurrency today. They are a key enabler of decentralised finance (DeFi), which is the provision of financial services by software on a blockchain without the need for permission.
Since uniswap, PancakeSwap, and other AMM protocols have gained popularity, there has been a significant increase in the need for stablecoins in this sector. Stablecoins are one of the most important assets and are used in many of the blockchains that we are aware of. But, in the #NULS blockchain, stablecoin is acting in a different capacity thanks to USDTN, which descended from USDT.
A fake stablecoin asset called #USDTN is available on the NULS Blockchain.
Throughout the previous year, the growth of DApps in the NULS ecosystem has been satisfactory. Many DeFi programmes, like Nulswap
Although CUBISwap is being developed with NULS, the need for stablecoins inside the NULS ecosystem is growing.
Several individuals are interested in DeFi staking within the NULS ecosystem but are wondering how to obtain USDTN. Anyway, I think you'll discover the solution pretty soon!
SwapBox is the essential tool for converting USDT from several chains to USDTN.
The majority of well-known decentralised exchanges support SwapBox, a multichain liquidity aggregator created by Nabox, a NULS ecosystem DeFi wallet. Another DApp that works with the NULS network is SwapBox.
The five main components of SwapBox are swap, layer 1, layer 2, liquidity, and layer 2 farm. Liquidity is one of these qualities that aids in our ability to acquire USDTN.
The exchange is now successfully performed! Let's assess what we accomplished:
To deposit USDT assets from many chains to USDTN on the NULS network, use the SwapBox "Liquidity" feature.
Use the "Layer2" feature of SwapBox to transfer USDTN from the NULS blockchain to the NerveNetwork.
To withdraw USDTN from NerveNetwork to the #blockchain 's of your choice—which may include Ethereum, #BNB Chain, Polygon, KCC, Avalanche, HecoChain, OKC, Tron, Nerve, Fantom, Harmony—use SwapBox's "Liquidity" option once more.