Over the past week, yield-bearing stablecoins worth $20.43 billion faced a major shock as deUSD, XUSD, and USDX all suffered severe depegs, triggering a massive investor exodus. 💥 Key figures: • Stablecoins like yUSD (-82.2%), mTBill (-59.5%), and srUSD (-81.2%) saw sharp drops in TVL. • Smaller tokens such as sUSDx were nearly wiped out, plunging 88.2%! • Meanwhile, USCC (Superstate) and sGHO (Aave) stood out as bright spots, recording +16% TVL growth each. 💡 Depeg incidents: 1️⃣ deUSD (Elixir) crashed after Stream Finance reported a $93 million loss, sending deUSD’s price tumbling to around $0.015. 2️⃣ XUSD plunged to $0.20 following an exploit on the Balancer protocol, which wiped out its liquidity pools. 3️⃣ USDX dropped to $0.30–$0.38, losing up to 65% of its market cap in a single day. 📉 APY swings: • yUSD fell 4.7% to 8.73%. • coreUSDC (Upshift) rose 8.2% to 11.99%. • mBASIS (Midas) surged 10.1% to reach 14.26%.
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It’s okay — “UNFILLED” is just a word, not the end of the story. We showed up, we believed, we tried our best 💪 More than an allocation, this was a test of grit and perseverance. Keep going — every setback is just a setup for the next big win 🚀 Never give up. Never back down. #MegaSale #MegaETH #Web3
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