Waves Founder To Launch New Stablecoin

Key points:

• Waves founder Sasha Ivanov tweeted that he will introduce a new stablecoin. A USDN scenario resolution strategy will also be put into action beforehand.
• Ivanov explains USDN depeg does not threaten the solvency of the ecosystem.
• He announces a plan towards aggressive decentralization, creating a new Waves Association DAO which will see $10 million of the governance tokens currently.

Sasha Ivanov, the founder of Waves, responded to the investment warning issued by centralized exchanges last week, which put restrictions on trading WAVES tokens, by explaining that the USDN depeg does not pose a threat to the Waves Ecosystem’s viability.

He then announced a plan for aggressive decentralization, including the creation of a new Waves Association DAO and the donation of $10 million in governance tokens currently held by the team.

Ivanov declared that he would introduce a new stablecoin. A USDN scenario resolution strategy will also be put into action beforehand. He commented on the supply of USDN:

The founder continues with his plan to re-adjust the ecosystem’s stablecoins:

Recently, the drop in the price of the market after the crash has had a significant impact on ecosystems, including a typical name, Solana. However, Waves also suffered damage to the ecosystem and its stablecoin USDN, expressing this Ivanov stated:

“Furthermore, I would like to make it clear that Waves is a decentralized ecosystem of applications. It does not rely on a single project for its survival; it also does not require the participation of any centralized exchange to exist and function as it should. This is Waves Ecosystem is now hastened why its plans to provide all the services of centralized exchanges within its flagship decentralized exchange – WX.Network. WX will soon announce the integration of a fiat off-ramp into its application to accompany the already functioning on-ramp.”

For each project created in the ecosystem, the team will contribute $10 million of the governance tokens they now own to the Waves Association DAO. As a result, the community will have complete influence over the governance of every project that agrees to participate in this program.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu News