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
274
1 min
0
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.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024