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Tag

synthetic dollar

2 articles

Neutrl Pauses NUSD After Undisclosed Reserve Issue
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.
Neutrl Halts NUSD Minting and Redemptions After Reserve Problem Surfaces
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.