• Sasha Ivanov, the founding father of Waves, lays out a plan to revive USDN.
• Ivanov additionally introduced the launch of a brand new stablecoin.
• USDN misplaced its peg and is at present buying and selling at $ 0.5374.

Sasha Ivanov, the founding father of waves, has unveiled his plans to revive the depegged Neutrino Greenback (USDN). In certainly one of his latest tweets, he additionally talked about that he’ll be launching a brand new stablecoin. Nonetheless, he additionally asserted that till there’s a decision for the USDN, no bulletins or launches will probably be made.

Capo of Crypto, a cryptocurrency investor, and dealer, responded to the tweet by predicting that Waves would be the subsequent LUNA. He additionally shared a chart highlighting the similarity in patterns between the patterns of Waves and people of Luna. The cryptocurrency dealer additionally added that it may dump 70 to 99% from right here. Nonetheless, Ivanov was fast sufficient to answer to his tweet, stating that there’s zero similarity.

Ivanov’s tweet doesn’t present an estimated timeline relating to the plans. Nonetheless, he asserted to Twitter customers that the brand new stablecoin will probably be undepeggable. At press time, the USD has been depegged and is buying and selling at $0.5294. CoinMarketCap has additionally flagged warning for the neutrino USD.

South Korea’s digital asset alternate affiliation labeled Waves as an funding warning final week. Following the announcement, the stablecoin fell to 53 US cents earlier on Tuesday, in response to the information from CoinMarketCap.

Again in August, the USDN misplaced its peg and fell to $0.9241. That was a time when the market was nonetheless feeling the ripple impact of the autumn of TerraUST. Stablecoins that have been meant to be steady started displaying indicators of instability. Ivanov is more likely to launch extra particulars relating to the plan as time progresses.