Stream Finance Hit by $93 M Loss as xUSD Mirror Crashes Below $0.25

The Stream Finance platform has suffered a staggering estimated loss of $93 million following the abrupt collapse of its stablecoin xUSD, which fell sharply to around $0.24 on some exchanges.

The crisis forced the platform to pause deposits and withdrawals while it investigates the incident. According to reports, the de-peg originated with an external fund manager responsible for allocating xUSD’s underlying assets. Analysts say the event highlights the fragile design of hybrid DeFi models that mix on-chain protocols with off-chain fund management. For users and observers, the warning is clear: even “stable” coins can break when transparency and collateral systems fail.

Clever Robot News Desk 6^th November 2025