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Elixir retires deUSD after Stream’s $93M loss – TON BOT

Elixir retires deUSD after Stream’s $93M loss

Elixir has decided to retire its stablecoin deUSD after Stream Finance borrowed the token to stabilize its own stablecoin, resulting in a $93 million asset loss. Elixir has halted minting and redemptions of deUSD, compensating 80% of holders. Stream Finance owes Elixir $68 million, leading to the stablecoin’s devaluation.


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