Yield-bearing stablecoins record $1B weekly outflow, largest since Terra collapse

Yield-bearing stablecoins saw $1 billion in outflows over the past week, the sector's largest weekly redemption since the Terra-Luna collapse in May 2022, Stablewatch data show. Stream Finance's xUSD was liquidated entirely following a $93 million loss in underlying fund assets. Coinshift's csUSDL saw its total value locked drop 95% to $1.92 million, while Elixir's deUSD and sdeUSD both faced liquidity crises.