What will be the fate of Waves (WAVES)? The CEO’s Suggestion Aroused Great Controversy in the Market

After being marked with an “investment warning” by South Korean stock exchanges, all eyes are on it. Waves (WAVES) Altcoins continue to evolve.

The exchanges in question talk about the WAVES altcoin, which are in the ecosystem. Neutrino USD (USDN) He issued a warning after the stablecoin named stablecoin lost its fixed price of 1 dollar. The coin, which should be 1 dollar under normal conditions, is traded at 0.54 dollars at the time of this writing.

Waves Founder Announces They Will Launch A New Stablecoin

Making a statement today, Sasha Ivanov, founder of Waves, announced the launch of a new stablecoin. According to the founder’s statement, a solution to the depeg status of USDN will be found before the new coin is released.

Ivanov’s announcement cryptocurrency was met with disapproval by the community. Some community members have stated that the solution to a stablecoin’s depeg problem will not be to issue more stablecoins. Ivanov responded by claiming that it would be impossible for the new coin to lose its peg to $1.

Ivanov also said that USDN and its sister coins, SURF and NSBT, will continue to live on:

To avoid misunderstanding: USDN will continue to do its job.

It’s just time to create a protocol that is better suited to current market conditions. It will be easier to stabilize the USDN first and then launch the new protocol.

So please stay calm, WAVES will not go down to zero.”

Stating that one of the biggest reasons for the USDN collapse is that the current USDN model is not suitable for the current market conditions, Ivanov added that more robust models should be developed. Describing USDN as an “incentive-based stablecoin,” Ivanov said:

“Unfortunately, incentive-based models do not take into account global black swan events, they work in 99.9% of market conditions, but cannot withstand very heavy market fluctuations.”

*Not investment advice.