Waves Founder on Stablecoin USDN’s Depegging Crisis and Plan Forward

Neutrino USD (USDN), an algorithmic stablecoin of the Waves ecosystem, lost its U.S. dollar peg in April and again in May amid the collapse of TerraUSD (UST), but has since recovered. Sasha Ivanov, founder and lead developer at Waves, addresses the concerns of algorithmic stablecoins and how USDN is different from projects like Iron Finance’s Titanium token (TITAN) and UST.