Upbit Announcement: The Waves ecosystem stablecoin USDN has depegged, and WAVES has been marked as a risky asset

ChainCatcher news, the South Korean cryptocurrency exchange Upbit announced that WAVES (Waves) has been marked as an "Investment Warning" by the Digital Asset Exchange Association (DAXA).

Due to the de-pegging of the Waves ecosystem stablecoin Neutrino USD (USDN), its collateral WAVES has been marked as an "Investment Warning," indicating a risky asset. According to CoinGecko data, Neutrino USD (USDN) is currently priced at $0.85, with a 24-hour decline of 3.3%. WAVES (Waves) is currently priced at $2.16, with a 24-hour decline of 7.4%. (Source link)