Elixir has halted support for its deUSD stablecoin following a significant loss incurred by Stream Finance. The platform suffered a $93 million loss, which directly impacted deUSD, causing its value to crash to just $0.015.
This development marks a critical moment for the DeFi ecosystem, as the stability and trust in stablecoins like deUSD are essential for decentralized finance platforms. The decision by Elixir to suspend support underscores the challenges faced amid recent market turmoil.
For more details on this incident, stay tuned to Cryptonews.
https://cryptonews.com/news/defi-platform-elixir-halts-support-for-deusd-after-stream-finances-93m-loss/
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