Even though market was crashing, UST was still stable. But

Question

Even though market was crashing, UST was still stable. But

it started going down when fud was orchestrated by same user who made waves crash. Also even USDN is also coming down to 0.95. Will it remain stable in future if market turns even more bearish ?

#cryptocurrency #de-fi #english #waves

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10.05.2022

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Vova 🔹 Waves · Accepted Answer

Vova 🔹 Waves

In our case, the key role was played by the FUD campaign. As far as I remember, on the smart contract, 1 $USDN was backed by WAVES in the equivalent of 1$. The panic caused a massive supply of $USDN on the market, and there was not enough liquidity. The arbitrage quickly returned the price to 1$

0

10.05.2022

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Even though market was crashing, UST was still stable. But

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