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Waves' USDN Stablecoin Loses Peg as Accusations of Ponzi Schemes Fly

Category: Stablecoins -> Analysis

Type: article

https://thedefiant.io/waves-ftx-ponzi-accusations/

"On Apr. 4, WAVES lost more than a quarter of its value, dropping to a low of $33.27, down almost 50% from its March 31 high. This coincided with Neutrino USD losing its dollar peg as it briefly traded below $0.60 before rebounding. It was trading at $0.82 in the early morning UK time Tuesday."