Stablecoin Winds Down Stablecoin Vault After msUSD Depeg Panic
Altura is winding down its stablecoin vault after heavy withdrawals linked to panic around MainStreet’s msUSD depeg.
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The Altura Web3 gaming platform intends to shut down its Infinity Vault due to huge investor withdrawals. Investors withdrew approximately $8.5 million from the vault in a single day. With the fast flow of money, the total amount of money left in the vault was about $3.9 million. After the
Read full articleAltura is winding down its stablecoin vault after heavy withdrawals linked to panic around MainStreet’s msUSD depeg.
Altura processed over $8.5M in USDT redemptions within 24 hours before closing the vault. The protocol says market fears and withdrawal pressure drove the orderly wind-down decision. User capital will be returned as portfolio positions are redeemed and settlements are completed. Altura has announced the closure of its stablecoin yield vault after processing more than […] The post Altura Shuts Down Vault as Redemption Requests Surge Past $8.5M appeared first on Live Bitcoin News.
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Altura will wind down its stablecoin vault after processing 8.5m USDT in redemptions as msUSD depeg fears spread across DeFi markets.
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