Here’s Why USDN De-Pegged From the Dollar – And Why UST Might Too - Ep.339
Unchained
The Rise and Fall of USDN: A Cautionary Tale
This chapter explores the dramatic de-pegging of the Neutrino Dollar (USDN) from the US dollar, focusing on the mechanics and unsustainable practices within the Waves ecosystem. It highlights the tensions and governance failures that contributed to the collapse, as well as the broader implications of algorithmic stablecoins. The chapter critiques the systemic flaws in these financial designs, underscoring the challenges faced by such coins without adequate external backing.
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