Waves Platform CEO announces launch of new stablecoin Sasha I | Trade Crypto Now

Waves Platform CEO announces launch of new stablecoin

Sasha Ivanov, the founder, and CEO of Waves Platform has announced that he will be launching a new stablecoin.Some users have expressed concern about the potential for the new stablecoin to depeg like the USDN stablecoin did multiple times this year.

Ivanov has previously taken on $500 million debt to restore the USDN peg, and he has stated that a “$USDN situation resolution plan” will be put into action in order to prevent a repeat of earlier events. The stablecoin will not be a new version of USDN with a new mechanic but an entirely new product according to the Waves CEO.USDN stablecoin did multiple times this year.

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