Elixir Shuts Down deUSD Stablecoin After Stream Finance’s $93 Million Loss
Yahoo Finance·2025-11-07 18:49
elixir, deusd, stream finance. Photo by BeInCrypto Elixir, a decentralized finance liquidity provider, has announced that it will wind down its deUSD synthetic dollar stablecoin. The decision follows Stream Finance’s disclosure of a major loss that triggered ripple effects across the DeFi ecosystem. What Happened Between Elixir and Stream Finance? Earlier this week, Stream Finance announced a significant loss of around $93 million in assets managed by an external fund manager. "Yesterday, an external f ...