Elixir Sunsets deUSD Synthetic Stablecoin, Initiates Full Redemptions
Elixir Sunsets deUSD Synthetic Stablecoin, Initiates Full Redemptions
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Elixir has announced the sunsetting of its deUSD synthetic stablecoin following the unwinding of Stream Finance. The platform has successfully processed redemptions for 80% of deUSD holders, with plans to snapshot remaining balances for future redemptions to be conducted in USDC.
Elixir says it processed redemptions for 80% of deUSD holders, and has snapshotted the remaining balances for future USDC redemptions.