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Neutrino Dollar breaks peg, falls to $0.82 amid WAVES price 'manipulation' accusations

Published 04/04/2022, 11:10 AM
Updated 04/04/2022, 12:40 PM
Neutrino Dollar breaks peg, falls to $0.82 amid WAVES price 'manipulation' accusations

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.

Neutrino Dollar price performance in the last 24 hours. Source: CoinMarketCap
WAVES/USD daily price chart. Source: TradingView

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