Acum 1 h
Elixir Protocol Shuts Down deUSD Stablecoin Following $68 Million Stream Finance Exposure
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.
Acum 1 h
Acum 6 h
Seven Blockchain Organizations Form Consortium to Standardize $10 Trillion Stablecoin Payment Infrastructure
Fireblocks, Polygon Labs, Mysten Labs, the Monad Foundation, the Solana Foundation, the Stellar Development Foundation, and the TON Foundation launched the Blockchain Payments Consortium on November 6, 2025. The initiative aims to establish unified technical and compliance standards for cross-chain stablecoin transactions. The founding members collectively process over $10 trillion in annual stablecoin transaction volume.
Acum 6 h