Post #11191

Elixir sunsets deUSD stablecoin following Stream’s $93M loss Elixir says it processed redemptions for 80% of deUSD holders, and has snapshotted the remaining balances, which can be redeemed 1:1 for USDC when a claims portal opens. Elixir had loaned $68M to Stream Finance, which halted withdrawals after an external fund manager disclosed a $93M loss earlier this week. 🔗theblock.co/post/377961/elixir-sunsets-deusd-synthetic-stablecoin-following-stream-finance-unwinding-aims-full-redemptions Follow us to be on top of crypto: TG | Chat | X