Neutrino Index Token (XTN): Uses, Supply and Risks

Neutrino Index Token (XTN) is a crypto asset associated with Neutrino, a decentralized finance project whose public descriptions include stablecoins and asset-backed tokens. The project announced a transition from USDN, its former stablecoin name, to Neutrino Index (XTN) in 2023. That history helps explain why older material about USDN may appear alongside information about XTN.

XTN is issued on Ethereum, Waves and Polygon. It is not listed as the native token of any of those networks, so it should not be confused with the coins used to pay their network fees. Public sources identify XTN as an index token, but does not establish a detailed, current list of functions or guarantee that it maintains a particular price or stable value. Treat its name and historical connection to USDN as context, not proof of what holders can do with it today.

XTN’s association with Neutrino places it in the decentralized finance and asset-backed-token space. However, public sources do not confirm specific current holder benefits, governance rights, fee discounts, staking rewards or redemption terms. Do not assume that owning XTN gives you a claim on another asset or a right to exchange it for a fixed amount.

The transition from USDN to XTN is relevant because some older descriptions concern USDN’s stablecoin design rather than XTN’s present role. A project’s branding or intended mechanism does not by itself establish that a token is currently stable, redeemable or actively used in an application. Before interacting with a Neutrino product, check its current documentation and the terms for the particular feature you plan to use. If those details are not clear, treat the token as a volatile crypto asset rather than as cash or a guaranteed store of value.

XTN exists on Ethereum, Waves and Polygon. These are separate blockchain networks, and a token balance on one network is not automatically interchangeable with a balance on another. Confirm the network and token contract shown by the wallet, exchange or application before depositing or sending XTN. Sending tokens to an address or service that does not support that network can lead to loss of access.

As of 2026-11-02, the reported circulating and total supply were both about 68.7 million XTN. No maximum supply was reported, so those figures should not be read as a fixed lifetime cap. The reported market capitalization was about $1.1 million and the price about $0.0158; these are snapshots that can change quickly, and reported market data may differ across platforms. The token is not native to the listed networks, and public sources do not specify a separate XTN consensus mechanism. Ethereum, Waves and Polygon use their own network protocols.

XTN carries the usual risks of a crypto asset, including sharp price changes, low or uneven trading liquidity, smart-contract vulnerabilities and loss caused by sending tokens on the wrong network. The reported price history illustrates substantial volatility: the listed all-time high was $2.52 on 2021-03-17, while the listed low was about $0.0022 on 2026-10-01. Past prices do not predict future performance, and a low market capitalization can make trading conditions less reliable.

There is also project-specific uncertainty. XTN’s relationship to the former USDN stablecoin may lead readers to assume it remains stable or can be redeemed at a set value, but the information available does not establish either. Project plans, token functions and access to related applications can change. Review current documentation and contract details independently, and do not rely on old descriptions or a token label as a guarantee. This is general information, not a recommendation to buy or sell.

Store XTN in a wallet that explicitly supports the network on which your tokens are held. Before depositing, withdrawing or adding a token manually, verify the network and the relevant contract address through a trusted, current source. A token with the same symbol on a different network may not be the same asset. Do not share a recovery phrase or private key with anyone, and keep a secure offline backup of recovery information.

If you hold XTN through an exchange, the platform controls the wallet and may limit deposits or withdrawals on particular networks. Check its supported network options and withdrawal conditions before transferring. Self-custody gives you control of the keys but also makes you responsible for protecting them and confirming each transaction. No storage method removes market risk: the token’s value can fall even when the wallet and network are working as intended.