Neutrino Dollar breaks peg, falls to $0.82 amid WAVES price 'manipulation' accusations
Cointelegraph
Published Apr 04, 2022 11:10AM ET
Updated Apr 04, 2022 12:40PM ET
Neutrino Dollar (USDN), a stablecoin issued through Waves-backed Neutrino protocol, lost its U.S. dollar-peg on April 4 amid speculations that it could become "insolvent" in the future.
USDN dropped to as low as $0.822 on April 4 with its market capitalization also diving to $824.25 million, down 14% from its year-to-date high of $960.25 million.
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Written By: Cointelegraph
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