Elixir Retires deUSD Stablecoin, Launches USDC Compensation

Elixir has officially retired its deUSD stablecoin, marking a significant shift in the DeFi ecosystem. This decision comes amid economic challenges impacting Elixir’s reserves, prompting the launch of USDC compensation for holders and derivatives users. The move affects collateral providers, AMM liquidity pools, and other participants reliant on deUSD. Elixir advises against any further transactions involving deUSD through automated market makers or other channels. [Read original article on coincu.com]