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Staked Stream USD (XUSD) Collapses to $0.17 After Issuer Discloses $93 Million Asset Loss
By Financial News Desk Published: November 2024 Main Facts The decentralized finance (DeFi) sector has been rocked by another catastrophic stablecoin failure following the sudden collapse of Staked Stream USD (XUSD). The algorithmic-style stablecoin, which is mathematically and structurally designed to maintain a stable 1:1 peg with the United States dollar, plummeted by a staggering […]
