USDN stablecoin rate dropped to $0,82
The price of a coin pegged to the value of the US dollar fell by 13,8% in one day
04.04.2022 - 13:10
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What’s new? The exchange rate of Neutrino USD (USDN) stablecoin, pegged to the US dollar, has fallen by 13,8% in a single day. As of April 4, 2022 (14:20 Moscow time), the coin is trading at $0,82, according to CoinGecko. The reasons for the fall of the stablecoin are not yet known.
What is Neutrino USD? It is an algorithmic stablecoin pegged to the US dollar exchange rate. USDN is released in 2019 on the Waves blockchain with a Proof-of-Stake consensus algorithm and is fully backed by its native cryptocurrency WAVES. Based on the Neutrino protocol, it is possible to create stablecoins tied to specific real assets, such as national currencies or commodities.
Earlier, the Cashio stablecoin (CASH) plummeted by 99% after a hacker attack. As a result of the hack, the value of the coin plunged from $1 to $0,00005813.
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