Neutrl pauses NUSD redemptions over undisclosed reserve issue

Cointelegraph Staff

(04:44 AM UTC)

1 min read

Decentralized finance (DeFi) protocol Neutrl has suspended minting and redemptions for its NUSD synthetic dollar after unspecified circumstances affected protocol reserves, leaving the cause and scale of any potential impairment unclear.

On Thursday, Neutrl said it had also paused other protocol functions on legal advice while it assesses the impact. The protocol did not identify the…

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Cointelegraph Staff · Cointelegraph

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