Redemption Wave Meets Credit Withdrawal Wave: US Private Credit Industry Faces “Run Storm” | Bee Network
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Original Compilation: Chopper, Foresight News Over the past two months, at least 10 crypto protocols have announced their shutdown. Not due to rug pulls, but because they had no users, no money, or both. Not to mention mining companies like BlockFills and lending platforms freezing withdrawals. Just yesterday, Angle also announced (https://x.com/AngleProtocol/status/2029161525580112263) the gradual shutdown of its EURA and USDA stablecoins, despite once having a Total Value Locked (TVL) of $250 million and doing well in business partnerships. Angle stated bluntly in its announcement, “The decentralized stablecoin landscape has fundamentally changed. Yield-bearing stablecoins today are essentially just branded wrappers over existing vaults and lending protocols. There’s no longer a need to maintain a separate, independent infrastructure.” Almost all of these shuttered projects had products that functioned properly: Polynomial had a…# تجزیہ# مارکیٹ上一篇
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- Original Source: Wall Street News The US private credit industry is facing a dual squeeze of liquidity contraction and asset revaluation. As investors rush to withdraw funds and major Wall Street f...