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

Bitcoin com 2 hours ago 131

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

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 $0.2473 per […]

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