Elixir Network (ELX), a blockchain focused on decentralized order book liquidity, has suspended support for its synthetic stablecoin, deUSD. This decision follows the substantial $93 million loss incurred from the Stream Finance incident. According to Elixir, the deUSD stablecoin significantly depegged from the dollar, dropping to a value of just 1.5 cents. The primary reason for this collapse stems from the fact that around 65% of deUSD's reserve assets were tied to Stream Finance. Elixir reported that they've managed to reimburse 80% of deUSD holders affected by the incident. However, the depeg rendered maintaining the stablecoin's functionality impossible. The future of deUSD remains uncertain as Elixir focuses on mitigating the long-term impact of the Stream Finance exploit on its broader ecosystem and users. ```