Neutrino Dollar breaks peg, falls to $0.82 amid WAVES price ‘manipulation’ accusations By Cointelegraph


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
daily price chart. Source: TradingView