Elixir Resolves deUSD Crisis: 80% Redemption Amid Stream Finance Turbulence

Following the financial challenges faced by Stream Finance, Elixir has completed a major redemption of its deUSD stablecoin holdings. This action involved redeeming 80% of remaining holders, excluding those associated with Stream, in exchange for USDC at a 1:1 ratio. This move aims to protect investors and mark the beginning of deUSD’s phased withdrawal from the market.