According to Wu, the stablecoin project Elixir has completed approximately 80% of deUSD holder redemptions (excluding Stream) in the past 48 hours. Currently, Stream holds about 90% of the deUSD supply (approximately 75 million USD), while Elixir's remaining assets primarily exist in the form of Morpho loans issued to Stream. Elixir stated that it has taken a Snapshot of the remaining deUSD and sdeUSD holders and will soon launch a USDC redemption page, allowing relevant holders to exchange at a 1:1 ratio. To protect the interests of holders and prevent Stream from liquidating assets before repaying loans, Elixir has closed the minting and redemption functions and plans to terminate the deUSD project in the near future.
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