Stream Finance Rocked by $93M Blow—Project's Stablecoin XUSD Peg Craters to $0.24

Stream Finance Rocked by $93M Blow—Project's Stablecoin XUSD Peg Craters to $0.24

By Bitcoin
On Monday, the decentralized finance (DeFi) protocol Stream Finance announced that an external fund manager misplaced a jaw-dropping $93 million in Stream assets — sparking an immediate investigation and halting all withdrawals and deposits. In the chaos that followed, the DeFi project's stablecoin XUSD lost its footing, tumbling to a painful low of $0.

Article Details

Market Sentiment
Negative
Category
general
Reading Time
1 min
Article Type
Article
Topics & Keywords
#stablecoins

Additional Information

Read the Full Article

Continue reading this article on Bitcoin

Read Full Article

Source: Bitcoin

Type: Article

Continue Reading

Stay informed with more cryptocurrency news and insights