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Stablecoin Yield Vaults See Largest Weekly Outflow Since Luna Incident, Totaling $1 Billion
BlockBeats News, November 7th, according to Stablewatch data, the past week saw the largest outflow of funds from yield stablecoins since the 2022 Luna Flash Crash of UST, totaling $1 billion. Stream Finance's xUSD saw its fund assets suffer a direct loss of $93 million, bringing it to zero. Coinshift's csUSDL TVL dropped by 95% to only $1.92 million remaining. Elixir's stablecoins deUSD and sdeUSD experienced a simultaneous liquidity crisis.
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