According to Stablewatch, the past week saw the largest outflow of funds from yield-returning stablecoins since the Luna collapse and UST crash in 2022, totaling $1 billion. Stream Finance's xUSD suffered a $93 million loss, resulting in its assets being wiped out. Coinshift's csUSDL TVL dropped by 95%, leaving only $1.92 million. Elixir's stablecoins deUSD and sdeUSD also experienced liquidity crises.