Can the revival plans save USDN from another depeg?
vlang
Jun 11
The Waves ecosystem gained attention in March from the Russian-Ukraine tension, followed by explosive growth. In early April, It all went into a death spiral when alleged being the biggest ponzi scheme in crypto. The native stablecoin USDN depegged to ~ $0.69 during that incident, but depegged again to ~ $0.75 when UST lost peg during May. Although USDN came back to the $0.96 ~ $0.98 area within days after both depeg situations, can we still trust algostables? The Waves team rolled out a seri...

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