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The Genesis Event marked the official launch of the NXUSD stablecoin, allowing early users to mint tokens at a 0% interest rate to bootstrap liquidity.

NXUSD was listed on the Wirex digital payment platform, integrating it for use by its customers for payments and savings.

Following market volatility, NXUSD experienced a permanent de-peg from its $1 target, and the Nereus Finance protocol became inactive in late 2022.