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Hedge $20,000 of USDN exposure with USDT or reduce Waves stablecoin exposure over 60 days?Chart USDN’s Waves peg against USDT for 30 days and mark depeg episodes.Waves TVL fell 11% over 30 days: migrate stablecoin liquidity to Ethereum or remain on Waves?Compare USDN and USDT holder concentration on Waves with an on-chain snapshot.Research USDN peg stability on Waves, tracing supply changes, major holders, and recent X sentiment.

As of Nov 12, 2026, stablecoins on Waves have a market cap of $204,824; the largest are USDT ($187,578), USDC ($17,210), crvUSD ($36.09).

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Name	Chains	% Off Peg	30d % Off Peg	Price	1d Change	7d Change	30d Change	Market Cap
Tether (USDT)		-0.11%	-0.17%	$1	-0.01%	-3.05%	-19.36%	$187,578
USD Coin (USDC)		-0.02%	-0.09%	$1	-0.01%	+6.17%	-21.50%	$17,210
crvUSD (crvUSD)		-0.19%	-0.43%	$1	+0.25%	+0.25%	+0.25%	$36.09
Neutrino USD (USDN)Ended on 2023-02-01		-98.43%	—	$0.016	—	—	—	N/A