Tag: USDN

Waves founder announces new stablecoin as USDN depegs

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 sta [...]
Waves Blockchain Founder Sasha Ivanov Promises USDN Revival Plan, New Stablecoin

Waves Blockchain Founder Sasha Ivanov Promises USDN Revival Plan, New Stablecoin

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Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting

Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting

Algorithmic stablecoins have had a rough year, starting with UST de-pegging to zero and the subsequent blow-up of Terra’s LUNA token which was used fo [...]
Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K

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 expl [...]
Waves-backed stablecoin USDN breaks peg again amid protocol upgrade

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, a [...]
Algorithmic Stablecoin USDN Falls From Dollar Peg as Liquidity Slumps

Algorithmic Stablecoin USDN Falls From Dollar Peg as Liquidity Slumps

Algorithmic stablecoin USDN, which is designed to mimic the value of the U.S. Dollar, has fallen to $0.91. www.coindesk.com [...]
Undercollateralized USDN Stablecoin Needs Tweaking, Waves Founder Says

Undercollateralized USDN Stablecoin Needs Tweaking, Waves Founder Says

Ivanov was asked how Waves was different from Terra, whose UST algorithmic stablecoin and luna token crashed in May, wiping out $60 billion in market [...]
Waves' USDN Stablecoin Loses Peg, Drops 15% Amid Manipulation Scare

Waves' USDN Stablecoin Loses Peg, Drops 15% Amid Manipulation Scare

USDN's market capitalization had nearly doubled to $850 million in March. www.coindesk.com [...]
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