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XUSD Stablecoin Crashed 70% After $93M Stream Finance Loss


XUSD Stablecoin Crashed 70% After $93M Stream Finance Loss

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Stream Finance’s staked stablecoin, XUSD, lost its peg early Tuesday, falling by more than 60% after the DeFi protocol disclosed that an external fund manager had lost approximately $93 million in managed assets.

The event shook the DeFi circles, causing XUSD to plummet to a new all-time low of $0.30, according to data from CoinGecko.

Read the article at CryptoPotato

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