On the Waves Tech weekly community AMA on Dec. 23, Waves CEO Sashi Ivanov revealed the USDN revival plan, involving turning USDN into a multi-collateralized asset, a soft-pegged asset — WINDX. This mo...
Tag: USDN
WAVES Gets Dragged Down By USDN, Despite Pumping Investor Distribution
There is enormous negative sentiment surrounding USDN. And with USDN continuously falling off its track, it’s also pulling WAVES down. WAVES is the native token of the Waves blockchain. According to C...
WAVES sees increased investor distribution as USDN troubles persist
The continued decline in the value of stablecoin USDN led to a fall in the price of WAVES. With negative sentiment trailing the token, the chances of an upside are limited. Despite recent claims that ...
Trader makes $113k on depegging USDN
A brilliant trader bags $113,000 by trading USDN amid the stablecoin depegging to $0.51. The USDN woes brought blessings to one smart trader who bagged $113,000 in a successful trade of the fading sta...
Waves Founder Unveils New ‘Undepeggable’ Stablecoin Amidst USDN Crisis
Waves blockchain platform founder, Sasha Ivanov, announced plans to launch a new stablecoin as Waves-backed Neutrino Dollar (USDN) failed to secure its peg. As per the Twitter update, Ivanov vowed tha...
WAVES Price Goes into Free Fall After USDN Depeg
The Waves (WAVES) price has broken down from crucial horizontal and diagonal levels, likely due to the USDN depeg. It is possible that the WAVES price drop occurred as a result of the Neutrino USD (US...
Waves Founder Announces Launch of New Stablecoin Amid USDN Depeg
Altcoin News Ivanov cited the existing USDN model’s insensitivity to market volatility for depeg. At the beginning of April 2022, USDN saw its first significant collapse. Waves CEO and founder Sasha I...
Waves founder announces new stablecoin as USDN depegs
Sasha Ivanov, founder and CEO of the Waves blockchain platform, is planning to launch a new stablecoin amid the ongoing crisis of the Waves-backed stablecoin, Neutrino USD (USDN). Ivanov took to Twitt...
Waves to launch new stablecoin after USDN depegs
Today, waves founder Sasha Ivanov announced the launching of a new stablecoin and a solution to curb the current USDN problems. New stablecoin in town Waves’ creator Sasha Ivanov posted a tweet that h...
Waves Founder Launching USDN Recovery, New Stablecoin
Waves founder Sasha Ivanov said he intends to issue another stablecoin, upon announcing plans to stabilize Neutrino USD (USDN). “Two things: – I will launch a new stable coin – There’s gonna be a $USD...
Waves Blockchain Founder Sasha Ivanov Promises USDN Revival Plan, New Stablecoin
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Waves Stablecoin USDN Depegs Massively; Is This the End Of?
USDN Depegs Updates: As the global digital asset market continues to decline after the horrible collapse of FTX, stablecoins are now feeling the heat. Data depicts that Algorithmic stablecoins like T...
Waves Break Silence Over DAXA Investigation, USDN Stablecoin Fails to Repeg
It has been a tough year for algorithmic stablecoins. Historically, these pegged tokens have failed to maintain a grip on $1, especially under extreme selling pressure. But the Terra collapse has been...
Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting
Algorithmic stablecoins have had a rough year, starting with TerraUSD (UST) depegging to zero and the subsequent blow-up of Terra’s LUNA token, which was used for the asset’s backing. Algorithmic stab...
Waves’ USDN Stablecoin Depegs, Korean Regulator Issues Warning
Algorithmic stablecoin Neutrino Dollar (USDN) has depegged from the dollar once again, marking the fifth time that USDN has had trouble maintaining its dollar peg this year. The Waves-backed stablecoi...
Neutrino USD (USDN) Loses Its $1 Peg, so Is It the Next UST?
Neutrino USD (USDN), a stablecoin of the Waves ecosystem, has lost its peg, currently trading at $0.85. What can be the reason? The crypto market is hovering around the fear of the collapse of yet ano...
Defi Token Snowfallprotocol.io (SNW) vs DAI (DAI) and Neutrino USD (USDN) – Why Snowfallprotocol.io Wins.
DAI (DAI), Neutrino USD (USDN), and Snowfallprotocol.io (SNW) are all viable projects within the Defi industry. DAI (DAI) is based on Ethereum and is backed by Ether, while Neutrino (USDN) is pegged t...
Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps $0.91 Low This Week – Altcoins Bitcoin News
Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $0.994 per unit, and ever since then, USDN has not been able to rise above the $0.97 per unit range. The dollar-pegged as...
Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K
With Ethereum’s long-awaited transition to proof-of-stake (PoS) fast approaching, blockchain analytics firm Coin Metrics is out with a new report explaining the move, along with data that provid...
Waves-backed stablecoin USDN breaks peg again amid protocol upgrade
As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs of strug...
USDN Stablecoin Loses $1 Parity Yet Again This Year
11 seconds ago | 2 mins read Altcoin News The price declined to $0.82 in May and again to roughly $0.93 in June. As rumors of market manipulation spread in April, the USDN dropped to $0.78. Another al...
USDN loses peg again as Neutrino upgrade to “stabilize protocol” goes live
Neutrino $USDN lost its peg for the first time since June 16 as it was updated to implement upgrades to the protocol. Confirmation of the upgrade was announced at 4 pm BST Thursday, several hours afte...
Behind Waves USDN depeg and how Sasha Ivanov worked to restore the peg by taking on $500M in debt
CryptoSlate’s Akiba spoke with Waves founder Sasha Ivanov to talk about USDN, Waves, Terra contagion, and algorithmic stablecoins in general. Watch this exclusive interview to hear Sasha’s...
Waves Founder Holding $500M Debt To Avoid USDN Depeg
Sasha Ivanov is looking for leave liquidity as his obligation accumulates interest Waves’ market platform is among a recent string of DAOs voting to centralize control USDN moneylenders will confront...
Is UST 2.0 on the Horizon, USDD, USDN & USDT Face Major Hurdle
It is a known fact that the crypto space is now in the middle of a notable bear market which is yet to find its bottom. The star crypto, Bitcoin, currently appears struggling to restore the last line ...
USDD, USDN lose their $1 peg; another UST fiasco-like event on the cards?
The ongoing crash in the cryptocurrency market witnessed a heavy amount of sell-offs across the market. Bitcoin and altcoins, both saw massive liquidations amounting to millions on a daily basis. Clea...
WAVES Jumps 27% After Vote to Liquidate USDN Whales’ Accounts Gets Massive Support
On May 30, WAVES, which is a native token of the blockchain platform of the same name, showed rapid growth of almost 31% in a moment. In just one hour, its price rose from $4.61 per token to $6.1. Suc...
Waves USDN Stablecoin De-Pegs But Now Trades at $0.93
Tomiwabold Olajide This is not the first occurrence of the USDN’s price slipping significantly from the dollar peg Neutrino USD (USDN), an algorithmic stablecoin that is part of the Waves blockc...
Waves’ Neutrino USD (USDN) stablecoin de-pegs to $0.94
Neutrino USD (USDN), an algorithm stablecoin just like the TerraUSD, has fallen below its US dollar peg to trade as low as $0.8 today. The stablecoin is part of Waves blockchain ecosystem. Following t...
UST goes rogue, but Neutrino USD [USDN] ‘depeg(s)’ a different story
As Bitcoin crashed below the $32k support level, panic took hold of the market and alt coins began to violently plunge as well. This time, even the stablecoins were not spared as TerraUSD [UST] droppe...
Why did WAVES founder reportedly buy 5 million ‘cheap’ ex-stablecoin USDN
If you’re into crypto news that comes from beyond the top 20 coins, you might be familiar with the drama surrounding Waves [WAVES] and Neutrino USD [USDN]. In short, this involved the stablecoin USDN ...
USDN: the failure of the algorithmic stablecoin
Neutrino USD (USDN) is an algorithmic stablecoin issued by the Neutrino protocol whose value is tied 1:1 to that of the US dollar. Or at least it should be. As can be seen from its price evolution, U...