Elixir sunsets deUSD stablecoin in reaction to Stream’s $93M loss
Elixir sunsets deUSD stablecoin in reaction to Stream’s $93M loss
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Elixir is discontinuing its deUSD stablecoin after $75 million of the token became entangled in a significant $93 million loss incurred by Stream Finance. This event highlights the inherent risks and vulnerabilities within decentralized finance protocols and the stablecoin ecosystem.
Elixir said it will sunset its deUSD stablecoin after $75 million worth of the token became entangled in Stream Finance’s $93 million loss.