Warnings Lifted: KAVA, WAVES Trading Resumes in Korea
KAVA and WAVES, two cryptocurrencies linked to stablecoins been removed from the South Korean exchanges’ warning list, and their deposit services have been restored. DAXA , a self-regulatory organization for South Korean exchanges, designated KAVA and WAVES as warning items due to their unstable stablecoins USDX and USDN. However, the exchanges have resolved the risk […]
Stablecoin USDN de-pegs amid protocol upgrade
Algorithmic stablecoin USDN is struggling as it deviates from its peg to the US dollar to $0.90 amid the crypto community struggles in the bear market. Wave-backed algorithmic stablecoin Neutrino Dollar (USDN) has strayed from the dollar once more, making this the fourth occasion this year that it has had trouble doing so. At the […]