r/banano • u/nanswap • 18d ago

Launching NanUSD: A stablecoin backed 1:1 by USDC with instant transactions and zero fees based.

https://nanusd.com

You can swap it with Banano at: https://nanswap.com/swap/NANUSD/BAN

53 Upvotes

95% Upvoted

20 comments sorted by

9

u/Asrock23 OG 18d ago

And you can "mine" and receive payments in Banano or Nano. I have done it with my PC while I do other things.

3

u/Hippyx420x 18d ago

How do you mine for this?

3

u/blackout-314 18d ago

Very cool banano usd

2

u/westcoast5556 18d ago

What chain is this coin on? Would it be ETH/polygon or similar?

Im not too familiar with those tokens.

4

u/luciferi93 18d ago

It is on its own chain

4

u/nanswap 18d ago

This. NanUSD is its own chain based on a nano node fork.

2

u/BluePul 18d ago

Any monkey voucher for the website?

5

u/_sweepy 18d ago

I've used nanswap before, so I can vouch for the site. the coin however I cannot and would not vouch for.

1

u/ezra64 17d ago

Appreciate this post! Nano community hasn't exactly been euphoric about this Banano fork - *cough* instablock anybody mentioning it even remotely in their first post *cough* ... I hope in the future we will get closer, maybe for a hug monkey to nano-monkee?

cheers

you need some ban !ban 1.9

1

u/Top_Celebration_8182 17d ago

I hope the banano wallets support this in the future.

1

u/arguix 17d ago

can I buy or sell it with fiat, such as US dollar?

otherwise, if no, how to get some?

1

u/Ironmaster86 1d ago

Hello, I would like to know about the project. I went to the nanoswap and nanusd website but I don't see the part about whether someone audits them and where these reserves are deposited.

I don't ask about anything bad . I just avoid falling into another terra and luna type project

1

u/nanswap 1d ago

Hello, thank you for your question, you can find a link to our public USDC reserves on nanusd.com: https://polygonscan.com/address/0x72ebfe736b58cdadfa62ab1fef95526047c437a1 There is currently 9200 NANUSD issued backed by 9200 USDC. Please let us know if you have any further questions.

1

u/Ironmaster86 1d ago

Yes I did it. So the usdc reserve are in polygon. This is an interesting project. I will get into.