staked
Stream Finance Crisis: Staked Stream USD (XUSD) Collapses 82% After $93 Million Asset Loss
The decentralized finance (DeFi) sector is reeling from yet another major crisis following the catastrophic collapse of Staked Stream USD (XUSD). The algorithmic and yield-bearing stablecoin plummeted over 82% in value after its issuer, Stream Finance, revealed that an external fund manager had lost approximately $93 million in protocol assets. The incident has triggered an […]
