Elixir sunsets deUSD stablecoin in reaction to Stream’s $93M loss
NegativeCryptocurrency

Elixir has announced the discontinuation of its deUSD stablecoin following a significant financial setback, where $75 million of the token was linked to Stream Finance's staggering $93 million loss. This decision highlights the vulnerabilities within the cryptocurrency market and raises concerns about the stability of stablecoins, which are designed to maintain a steady value. The move is crucial as it reflects the ongoing challenges faced by crypto projects and the potential impact on investors.
— via World Pulse Now AI Editorial System
