Cap ‘stabledrop’ U-turn Sees cUSD Drop $23M, Founder Denies Self-Dealing Claims
Cap ‘stabledrop’ U-turn Sees cUSD Drop $23M, Founder Denies Self-Dealing Claims
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Cap’s founder has issued an apology for a sudden U-turn regarding the highly anticipated 'stabledrop,' a move that coincided with a significant $23 million drop in the value of cUSD. The founder also actively distanced himself from allegations of self-dealing involving a contentious wallet address.
Cap’s founder took to X to apologize for a u-turn on the long anticipated "stabledrop" and distance himself from a notorious wallet address.
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