USDN will transition from a stablecoin to a Waves ecosystem index token, no longer being pegged 1:1 to the US dollar

ChainCatcher news, the Neutrino team announced that the proposal to transition USDN from a stablecoin to a Waves ecosystem index token (WIXT) has been accepted. WIXT will be backed by a basket of Waves ecosystem tokens and will no longer be pegged to 1 dollar.

The Neutrino team will release the WIXT technical whitepaper at the end of January and will completely rename USDN to WIXT in mid-February. (source link)