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

CointelegraphFriday, November 7, 2025 at 5:02:56 AM
Elixir sunsets deUSD stablecoin in reaction to Stream’s $93M loss
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

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Elixir retires deUSD after Stream’s $93M loss
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Elixir has decided to retire its stablecoin deUSD following a significant $93 million loss incurred by Stream, which had borrowed the token to stabilize its own currency. This move highlights the risks associated with decentralized finance and the volatility that can impact liquidity providers. The decision to pull deUSD reflects Elixir's commitment to maintaining financial integrity, but it also raises concerns about the future stability of similar projects in the crypto space.