USDN loses peg again as Neutrino upgrade to “stabilize protocol” goes live
Stablecoin USDN fell 4% as network upgrade is confirmed as "urgent measures" are implemented
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Stablecoin USDN fell 4% as network upgrade is confirmed as "urgent measures" are implemented
Liam 'Akiba' Wright 2 min read
Tether CTO Paolo Ardoino said the company is not obligated to comply with U.S. sanction rules. But this stance puts Tether at "legal risk."
The TRON founder said multiple backing assets and an over-collateralized reserve mean USDD is not prone to the same vulnerabilities as UST.
USDT issuer Tether is working with BDO Italia to increase its transparency by publishing monthly attestation reports.
Huobi exchange claims it exited its stake in HUSD stablecoin since April, as liquidity crisis forces the stablecoin below $0.8.
Acala's stablecoin aUSD now trading at $0.91 after 99% of the tokens minted in the exploit were burnt.
Acala issues governance proposal including details of the weekend exploit which led to $1.2B aUSD being "erroneously minted" by a malicious actor.
Coingecko data showed that USDT's supply rose by 2.6% in 30 days to $67 billion, while USDC declined 2.1% to $53 billion.
Ethereum's price recovery led it to recover its dominance over stablecoins, with its market cap now standing at just over $243 billion.