There is enormous negative sentiment surrounding USDN. And with USDN continuously falling off its track, it’s also pulling WAVES down.
WAVES is the native token of the Waves blockchain. According to CoinMarketCap, the token is up by 0.23% or trading at $1.57 as of this writing.
There is very little improvement with its current figures.
Token up by 0.23% or trading at $1.57
USDN extremely volatile
Crypto down by 45% in the past couple of weeks
Waves blockchain confirmed the plunge of the Neutrino USD (USDN) stablecoin but insisted that the USDN, while built on top of the ecosystem, is completely detached from WAVES.
Nevertheless, as the value of USDN declined, it seems to be pulling WAVES further down as well.
Stablecoins are digital currencies whose value is anchored to that of a stable value asset, such as a fiat currency or a commodity price.
The excessive volatility of Bitcoin (BTC) and other major cryptocurrencies has made crypto investments less appropriate for everyday tran
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