Sasha Ivanov, Founder and CEO of Waves Platform, has announced the launch of a new stablecoin.
– Launch a new stablecoin
– there will be $USDN Situation resolution plan set in motion earlier.
— Sasha.waves (@sasha35625) December 20, 2022
Ivanov previously said he had $500 million in debt to revive the USDN peg and that a “$USDN Situation Resolution Plan” would be put into action to prevent a recurrence of previous events.
Some users have expressed concerns that the new stablecoin could lift the peg, as the USDN stablecoin has done many times this year.
By making a bold declaration, Ivanov reassured users that this was not the case. state:
“It’s going to be puzzling.”
Additionally, during a conversation about the USDN fix, Ivanov commented, “The most important thing is ultimately getting people back on track. Let’s focus on that.” His Alameda Research role in the Waves struggle was also highlighted, and he argued that people who aren’t focused on FUD “know it better.”
The stablecoin will not be a new version of USDN with new mechanics, but a completely new product according to Waves CEO.
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