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Waves Platform CEO Announces Launch of New Stablecoin

Sasha Ivanov, the founder, and CEO of Waves Platform has announced that he will be launching a new stablecoin.

Ivanov has previously taken on $500 million debt to restore the USDN peg, and he has stated that a “$USDN situation resolution plan” will be put into action in order to prevent a repeat of earlier events.

Some users have expressed concern about the potential for the new stablecoin to depeg like the USDN stablecoin did multiple times this year.

Ivanov has reassured users that this will not be the case by making a bold declaration stating: “It will be undepeggable.”

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