Neutrino Dollar (USDN) Drops PEG Against the Dollar This marks the fourth time USDN has struggled to maintain PEG on the dollar this year. It dropped to $0.90 at the time of writing.
Earlier in April, USDN fell to $0.78 due to allegations of price manipulation, but stablecoin recovered within days of its initial crash. May The price dropped to $0.82 and dropped again in June at around $0.93.
to fix stability issues The team behind the stablecoin began voting foruseChanges within protocol parameters After the vote, the teamhave addedNew mechanisms to improve the economy behind protocols This includes changes to the maximum swap , backing ratio protection mechanisms , and improvements to the reward distribution .
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