Hosted on MSN

Stream Finance Hit Hard With $93M Loss, XUSD Stablecoin Depegs to New Low

Stream Finance reported $93 million in losses due to an external fund manager. The DeFi protocol has frozen $160 million in user deposits and halted all transactions. It’s the second major DeFi ...
Hosted on MSN

Stream Finance halts withdrawals after $93M loss and xUSD depeg

Stream Finance, a yield-focused DeFi platform, has suspended deposits and withdrawals after an external fund manager disclosed a $93 million loss in platform assets. According to an X post from the ...
CoinTelegraph

Elixir sunsets deUSD stablecoin in reaction to Stream’s $93M loss

Elixir said it will sunset its deUSD stablecoin after $75 million worth of the token became entangled in Stream Finance’s $93 million loss. Decentralized finance liquidity provider Elixir has pulled ...