Elixir: deUSD Official 1:1 USDC Redemption Channel Now Open

By: theblockbeats.news|2025/11/07 13:15:56

0

Share

copy

BlockBeats News, November 7th, according to official sources, Elixir announced that the team has completed redemption for approximately 80% of all deUSD holders (excluding the Stream portion). Currently, Stream holds approximately 90% of the deUSD supply (around $75 million), and Elixir's remaining collateral assets mainly consist of Morpho loans issued to Stream.

All remaining deUSD and sdeUSD holders (including AMM and lending platform LPs) can redeem USDC at a 1:1 ratio. Elixir has taken a snapshot for this purpose and has launched an official redemption page.

Meanwhile, the minting and redemption functions of deUSD have been disabled. The official reminder states that deUSD no longer holds value, so please refrain from purchasing or investing in it. Users are warned to only submit redemption applications through official links and to be cautious of scam websites.

-- Price

You may also like

WEEX x LALIGA: The Partnership Bringing Crypto and Spanish Football Together

WEEX x LALIGA: The Partnership Bringing Crypto and Spanish Football Together

WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how football and trading share values of discipline, strategy, and excellence.

WEEX x LALIGA Partnership: Where Crypto Trading Meets Elite Football

WEEX x LALIGA Partnership: Where Crypto Trading Meets Elite Football

Discover the WEEX LALIGA partnership—where crypto exchange meets elite football. Follow LALIGA matches, updates, and trading insights for the 2025-26 season.

The craziest Ethereum L2: L2 built by AI agents spontaneously organizing

The craziest Ethereum L2: L2 built by AI agents spontaneously organizing

This idea seems crazy, but it is not impossible.

Pantera Capital: How has Crypto as a Service affected us?

Pantera Capital: How has Crypto as a Service affected us?

If you are planning to start a business in 2026, my advice is simple: Instead of just talking about technology, focus more on how you can solve real-world problems.

Pantera Capital: What changes have we made when crypto is treated as a service?

Pantera Capital: What changes have we made when crypto is treated as a service?

If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious

"The Ethereum token economic model has collapsed, wake up and see this clearly."

Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?

Social Capital CEO: How Equity Tokenization is Reshaping Capital Markets from US Stocks to SpaceX?

Equity tokens represent the next challenge: can tokenization expand from payments to ownership of financial assets?

CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX

CoinGecko Report: Surge of 346% vs Dip of 20.8%, The Wild Rise of DEX

A large-scale capital migration driven by platforms such as Hyperliquid towards decentralized infrastructure from centralization.

a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps

a16z: The Real Opportunity of Stablecoins Lies Not in Disruption but in Filling Gaps

The opportunity for stablecoins lies with those merchants that have yet to emerge.

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?

March 6 Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum 2. Largest Price Swings: $XPT, $AIX 3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

The stablecoin opportunity lies with those merchants yet to come onboard.

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.

Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish

Wall Street Bears Target Ethereum: Vitalik In the Know Takes Flight, Tom Lee Remains Bullish

「The Ethereum Tokenomics Has Collapsed, Wake Up and Realize It」

Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'

Pump.fun Hacker Steals $2 Million, Receives 6-Year Prison Sentence, Opts for 'Self-Detonation'

Life of Talent, Paranoia, and Setbacks

6% Annual Percentage Yield as Musk Declares War on Traditional Banks

6% Annual Percentage Yield as Musk Declares War on Traditional Banks

A black metal card, 600x rate delta.

WEEX x LALIGA: The Partnership Bringing Crypto and Spanish Football Together

WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how football and trading share values of discipline, strategy, and excellence.

WEEX x LALIGA Partnership: Where Crypto Trading Meets Elite Football

Discover the WEEX LALIGA partnership—where crypto exchange meets elite football. Follow LALIGA matches, updates, and trading insights for the 2025-26 season.

The craziest Ethereum L2: L2 built by AI agents spontaneously organizing

This idea seems crazy, but it is not impossible.

Pantera Capital: How has Crypto as a Service affected us?

If you are planning to start a business in 2026, my advice is simple: Instead of just talking about technology, focus more on how you can solve real-world problems.

Pantera Capital: What changes have we made when crypto is treated as a service?

If you are planning to start a business in 2026, my advice is simple: stop talking excessively about technology and focus more on the actual problems you can solve.

Wall Street Shorts ETH: Vitalik is aware and has front-run, while Tom Lee remains oblivious

"The Ethereum token economic model has collapsed, wake up and see this clearly."

Popular coins

Latest Crypto News

10:43

Wall Street strategists: The probability of a market crash has been raised to 35%, and the Federal Reserve may face the dual risks of rising inflation and unemployment

According to Jinshi News, Wall Street veteran strategist Ed Yardeni stated that as the war in Iran escalates and impacts global markets, the risk of a significant sell-off in the U.S. stock market is increasing. He has raised the probability of a market crash from 20% to 35%, while significantly low...

10:43

ProCap Chairman: The importance of short-term oil prices significantly decreases in a deflationary environment, and the Federal Reserve should actively cut interest rates

ProCap Chairman Anthony Pompliano tweeted that if oil prices continue to rise, you will hear many people say that the Federal Reserve should avoid cutting interest rates due to concerns about potential inflation.This is similar to the mistakes these people made regarding tariffs. We are in a deflati...

10:43

Data: A certain whale liquidated 5,809.8 XAUt today, making a profit of 5.18 million USD, hedging its losses in BTC

According to on-chain analyst Yu Jin's monitoring, a whale with a bet of $54.63 million on "digital gold BTC" and "real gold XAUt" cleared out its position. After liquidating BTC in mid-January, it sold 5809.8 XAUt (worth $29.81 million) today at a price of $5130 just 3 hours ago.Now that everything...

10:43

Supreme Court Report: Strictly punish crimes such as money laundering and capital flight using virtual currency as a medium, and work together to prevent illegal cross-border capital transfers

According to CCTV News, the second plenary session of the Fourth Session of the 14th National People's Congress was held today at the Great Hall of the People in Beijing, where Zhang Jun, President of the Supreme People's Court, delivered the work report of the Supreme People's Court.The report show...

10:43

The number of AINFT users has exceeded 500,000

According to official data, the Web3 native AI platform AINFT has reached a cumulative user count of 501,016, officially breaking the 500,000 mark. The platform supports multi-model AI capabilities and cryptocurrency payments, and has launched on-chain payment, identity, and DeFi financial capabilit...