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Tag

Synthetic Dollar

2 articles

DeFi & On-Chain5h ago

Neutrl Pauses NUSD After Undisclosed Reserve Issue

The $53.6M synthetic stablecoin halted minting and redemptions Aug. 14 on legal advice, leaving holders unable to access backing assets as the protocol investigates a potential loss.

DeFi & On-Chain7d ago

Neutrl Halts NUSD Minting and Redemptions After Reserve Problem Surfaces

The synthetic dollar's $53.6M supply is locked as Neutrl discloses an unspecified reserve problem and pauses protocol functions on legal advice.