Elixir Protocol has discontinued its deUSD synthetic stablecoin after Stream Finance suspended withdrawals. The protocol completed redemptions for 80% of deUSD holders on November 7 and will enable full 1:1 USDC redemptions for remaining balances through an upcoming claims portal. Elixir's exposure to Stream Finance exceeded $68 million, part of Stream's total debt obligations surpassing $285 million across multiple lending partners.

USDX, a synthetic stablecoin issued by Stable Labs, fell below $0.60 on Thursday, down from a circulating supply of $683 million. Lista DAO reported monitoring vaults with abnormally high borrowing rates on USDX collateral without repayment activity. PancakeSwap advised users to review positions involving affected vaults, stating the platform will continue sharing updates as needed.

Bitcoin dropped to an intraday low of $100,050 on Tuesday while Ethereum fell below its January 1 opening price of $3,285, wiping out year-to-date gains. Major smart contract platforms including BNB Chain and Solana declined over 7.8% amid broader market weakness. The selloff triggered $1.37 billion in leveraged liquidations across the sector.

Ethereum Foundation researchers confirmed December 3 as the mainnet activation date for the Fusaka upgrade during Thursday's All Core Devs call. The backward-compatible hard fork will implement approximately a dozen Ethereum Improvement Proposals designed to enhance sustainability, security, and scalability across the base layer and Layer 2 networks.

Western Union will launch a stablecoin named USDPT on the Solana blockchain in early 2026, with Anchorage Digital Bank serving as the token issuer, the company announced Tuesday. The payments provider said the token will enable users to send, receive, spend and hold digital assets through its compliance infrastructure. CEO Devin McGranahan had indicated in July that the company was exploring stablecoin integrations for remittance services.