Waves Platform CEO announces launch of new stablecoin

2022-12-21 01:00

Sasha Ivanov, the founder, and CEO of Waves Platform has announced that he will be launching a new stablecoin.

Two things:
– I will launch a new stable coin
– There's gonna be a $USDN situation resolution plan set in motion before.

— Sasha.waves (@sasha35625) December 20, 2022

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.

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 reassured users that this will not be the case by making a bold declaration stating:

“It will be undepeggable.”

Further, in a conversation regarding fixing USDN, Ivanov commented that “the most important thing is to make people whole eventually, let’s focus on that.” Alameda Research’s role in Waves’ struggles was also highlighted as he argued that people who are not focused on FUD “know that very well.”

The stablecoin will not be a new version of USDN with a new mechanic but an entirely new product according to the Waves CEO.

 

 

The post Waves Platform CEO announces launch of new stablecoin appeared first on CryptoSlate.

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stablecoin waves new ceo platform launch announces

Источник: cryptoslate.com

stablecoin waves → Результатов: 39


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Waves announces 4-step Master Plan to ‘save’ its DeFi ecosystem

Waves, a proof-of-stake blockchain platform for decentralized applications, has announced measures it says will help address the recent upheaval that rocked its DeFi ecosystem. Specifically, the “Master Plan”, as the four-step measures are called, is aimed at ensuring the ecosystem’s algorithmic stablecoin Neutrino USD (USDN) restores dollar parity, whose loss led to a massive liquidity […] The post Waves announces 4-step Master Plan to ‘save’ its DeFi ecosystem appeared first on Invezz.

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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 the de-pegging, Colin Wu, a crypto analyst, has reported that the Curve pool for the USDN stablecoin (the USDN-3 pool) is now […] The post Waves’ Neutrino USD (USDN) stablecoin de-pegs to $0.94 appeared first on Invezz.

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Waves, an open blockchain protocol and development toolset for decentralized applications, today announced a partnership with UNION, a full-stack protection platform for the DeFi space. UNION will offer its collateral protection product to future lending protocols that use Waves’ Neutrino USD (USDN) and smart contract protection to the inter-chain communication protocol Gravity.

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