StraitsX USD (XUSD)

According to Wu, Stream Finance stated that its operating entity, Stream Soft Holding Company, is evaluating multiple strategic options to maximize asset value for repayment to clients and creditors. The company said the current goal is to complete asset integration, liquidation, and distribution as quickly and prudently as possible under existing conditions, and the proposed plans are expected to require participation from clients and creditors, with more details to be released in the coming weeks. Previously, Stream Finance disclosed in November 2025 that an external fund manager had lost about $93 million in assets, leading to a freeze on user withdrawals; its stablecoin XUSD subsequently suffered a significant depeg and caused cascading effects on multiple DeFi protocols. https://t.co/hHEDckJFtV

Six months after $93M went missing and xUSD collapsed, the @StreamDefi team says it's weighing "strategic alternatives" to liquidate and distribute remaining assets.

https://t.co/UsIyNgXj7A

There’s been $117M+ lost from poor vault curation.

Top of mind:
> $93M via Stream/xUSD
> $25M via Resolv/USR

Curators have never been held accountable, yet they’re set to make $70M-$200M/year (@TheoriqAI) while LPs take the losses.

The crazy part? The model is purposely designed that way for curators to attract more capital.