Waves Breaks Silence Over DAXA Investigation, USDN Stablecoin Fails to Repeg
WAVES is currently trading around $2 after falling 12% over the past week as speculation mounts over the sustainability of USDN. Terra collapse has been disastrous, and the ripple effects have had a decisive impact on the rest of the market. Seven months later, another algorithmic stablecoin is having trouble maintaining its dollar peg. In fact, this is the fifth time that Waves-backed Neutrino Dollar (USDN), currently trading at $0.84, de-pegged from the dollar. South Korean exchanges have issued a warning that this has impacted the Waves token, which has come under the scanner for apparent fluctuation in its value.
Source
https://t.me/Helium_Waves_Stepn
