BlockBeats News, November 4th, the staked stablecoin Staked Stream USD (XUSD) has further deviated from its peg, plummeting over 57% in 24 hours to a temporary price of $0.535.
Earlier reports stated that Stream Finance announced, “Yesterday, an external fund manager responsible for managing Stream funds disclosed that approximately $93 million of Stream fund assets have been lost and an investigation has been initiated. Withdrawals of all liquid assets are actively being made, and this process is expected to be completed in the short term. Pending a full assessment of the extent and cause of the losses, all withdrawals and deposits will be temporarily suspended, and pending deposit applications will not be executed.”
