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Tag

nusd

3 articles

DeFi & On-Chain31d ago

Neutrl Halts NUSD Minting Over Undisclosed Reserve Issue

The DeFi protocol suspended all NUSD functions and paused other operations on legal advice, with the cause and scale of any impairment remaining unclear.

DeFi & On-Chain41d 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-Chain48d 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.