Waves: USDN uses WAVES as collateral, but is not intrinsically linked to the WAVES token

The public chain project Waves responded to the unanchoring of its ecological algorithm stablecoin Neutrino USD (USDN) and was prompted by Upbit and Bithumb for its risk response, saying that USDN is an independent project built on the Waves blockchain, using WAVES as collateral, but with WAVES Tokens are not intrinsically linked. There is only one way USDN can directly affect the price of WAVES, by redeeming WAVES from the contract and selling WAVES on the market. However, only 4.2% of the total WAVES supply is held in Neutrino smart contracts, equivalent to 9.8% of the daily trading volume across all exchanges. USDN has no role in the issuance of WAVES and will not increase the supply of WAVES. Due to Neutrino's daily exchange limit and approval rating protection, it is impossible to deplete all reserves.