Stablecoins experience largest weekly outflow since Luna crash, totaling $1 billion
According to Jinse Finance, data from Stablewatch shows that yield-bearing stablecoins have experienced the largest capital outflow since the 2022 Luna crash and UST collapse, totaling $1 billion. xUSD under Stream Finance was wiped out after suffering a $93 million loss in fund assets, while csUSDL TVL under Coinshift dropped by 95%, leaving only $1.92 million. Elixir's stablecoins deUSD and sdeUSD simultaneously faced liquidity crises.
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