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RWA protocol stUSDT winds down after TVL peak of approximately $2.3 billion

Crypto Briefing ·

The stUSDT shutdown highlights the volatility and risks in DeFi, emphasizing the need for robust exit strategies and liquidity management.

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First reported by Cointelegraph at · 2 outlets in all

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  1. Crypto BriefingRWA protocol stUSDT winds down after TVL peak of approximately $2.3 billionThe stUSDT shutdown highlights the volatility and risks in DeFi, emphasizing the need for robust exit strategies and liquidity management.
  2. CointelegraphRWA protocol stUSDT winds down three years after $2.3B TVL peakThe stUSDT team did not disclose a reason for winding down the RWA protocol but assured holders that all underlying assets remain fully backed.