Wave-backed USDN stablecoin falls further after regulator warning and exchange delisting
WAVES price and its USDN stablecoin lose value after Digital Asset eXchange Association issues warning and Upbit exchange removes the token.
![Waves-backed stablecoin USDN drops further after the regulator warning and swap removal](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2022-12/b61600c2-c8fb-4d0d-82e0-257e326b42e9.jpg)
![Wave-backed USDN stablecoin falls further after regulator warning and exchange delisting](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvYjYxNjAwYzItYzhmYi00ZDBkLTgyZTAtMjU3ZTMyNmI0MmU5LmpwZw==.jpg?#)
WAVES price and its USDN stablecoin lose value after Digital Asset eXchange Association issues warning and Upbit exchange removes the token.
![Waves-backed stablecoin USDN drops further after the regulator warning and swap removal](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2022-12/b61600c2-c8fb-4d0d-82e0-257e326b42e9.jpg)
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