Sasha Ivanov, the founder, and CEO of Waves Platform has introduced that he will probably be launching a brand new stablecoin.
Two issues:
– I’ll launch a brand new steady coin
– There's gonna be a $USDN scenario decision plan set in movement earlier than.
— Sasha.waves (@sasha35625) December 20, 2022
Ivanov has beforehand taken on $500 million debt to revive the USDN peg, and he has said {that a} “$USDN scenario decision plan” will probably be put into motion so as to stop a repeat of earlier occasions.
Some customers have expressed concern in regards to the potential for the brand new stablecoin to depeg just like the USDN stablecoin did a number of occasions this yr.
Ivanov has reassured customers that this won’t be the case by making a daring declaration stating:
“It is going to be undepeggable.”
Additional, in a dialog concerning fixing USDN, Ivanov commented that “a very powerful factor is to make folks entire finally, let’s concentrate on that.” Alameda Analysis’s position in Waves’ struggles was additionally highlighted as he argued that people who find themselves not targeted on FUD “know that very effectively.”
The stablecoin won’t be a brand new model of USDN with a brand new mechanic however a wholly new product based on the Waves CEO.
The put up Waves Platform CEO publicizes launch of recent stablecoin appeared first on CryptoSlate.
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