{"id":66340,"date":"2022-08-26T13:50:02","date_gmt":"2022-08-26T10:50:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66340"},"modified":"2025-09-07T00:48:47","modified_gmt":"2025-09-06T21:48:47","slug":"waves-algorithmic-stablecoin-usdn-strengthens-its-detachment-from-the-us-dollar","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/waves-algorithmic-stablecoin-usdn-strengthens-its-detachment-from-the-us-dollar\/","title":{"rendered":"Waves&#8217; algorithmic stablecoin USDN strengthens its detachment from the US dollar"},"content":{"rendered":"<p>On August 26, the price of the Neutrino USD (USDN) <a href=\"https:\/\/forklog.news\/cryptorium\/chto-takoe-algoritmicheskie-stejblkoiny\/\">algorithmic stablecoin<\/a> fell to $0.905. This was already the fourth in 2022 of losing parity with the US dollar.<\/p>\n<p>On April 4, the asset&#8217;s price fell to $0.729. The subsequent unpegs were less dramatic.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"840\" height=\"489\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/izobrazhenie_2022-08-26_134717880.png\" alt=\"Waves' algorithmic stablecoin USDN strengthens its detachment from the US dollar\" class=\"wp-image-182955\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/izobrazhenie_2022-08-26_134717880.png 840w, https:\/\/u1f987.com\/wp-content\/uploads\/izobrazhenie_2022-08-26_134717880-300x175.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/izobrazhenie_2022-08-26_134717880-768x447.png 768w\" sizes=\"auto, (max-width: 840px) 100vw, 840px\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"570\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/WAVESUSDT_2022-08-26_13-47-48-1024x570.png\" alt=\"Waves' algorithmic stablecoin USDN strengthens its detachment from the US dollar\" class=\"wp-image-182956\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/WAVESUSDT_2022-08-26_13-47-48-1024x570.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/WAVESUSDT_2022-08-26_13-47-48-300x167.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/WAVESUSDT_2022-08-26_13-47-48-768x427.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/WAVESUSDT_2022-08-26_13-47-48-1536x854.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/WAVESUSDT_2022-08-26_13-47-48.png 1566w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Daily WAVES\/USDT chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<p>On August 24, the project team implemented previously <a href=\"https:\/\/governance.neutrino.at\/\">community-approved<\/a> changes to the protocol parameters. They include adjustments to the maximum swap amount, the BR protection mechanism, and improvements to the distribution of rewards.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u26a1\ufe0fUpdate<\/p>\n<p>We have implemented the changes from the latest voting. <\/p>\n<p>\u2705USDN>WAVES Max Swap Amount depends on the current BR. WAVES>USDN Max Swap Amount remains unchanged <br \/>\u2705BR protection added <br \/>\u2705gNSBT rewards distribution between SURF and NSBT stakers has been improved<\/p>\n<p>Enjoy\ud83d\ude0e <a href=\"https:\/\/t.co\/O4e94VfG4U\">pic.twitter.com\/O4e94VfG4U<\/a><\/p>\n<p>\u2014 Neutrino Protocol \ud83c\udf0a (1 \u279d 2)\ud83c\udfc4\ud83c\udffb\u200d\u2642\ufe0f (@neutrino_proto) <a href=\"https:\/\/twitter.com\/neutrino_proto\/status\/1562461188457316356?ref_src=twsrc%5Etfw\">August 24, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In August, the Polkadot-based stablecoin AUSD <a href=\"https:\/\/forklog.news\/stejblkoin-ausd-obvalilsya-do-0-05-posle-hakerskoj-ataki\/\">fell to $0.05<\/a> after a hacker attack.<\/p>\n<p>Later, the issued Stable Universal stablecoin HUSD lost its peg to the dollar.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 26, the Neutrino USD (USDN) algorithmic stablecoin fell to $0.905. This was the fourth in 2022 of losing parity with the US dollar.<\/p>\n","protected":false},"author":1,"featured_media":66341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,290],"class_list":["post-66340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-waves"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=66340"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66340\/revisions"}],"predecessor-version":[{"id":66342,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66340\/revisions\/66342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/66341"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=66340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=66340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=66340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}