Stream Finance: Exploring Asset Liquidation and Distribution Plans

Odaily reported that Stream Finance posted on platform X, stating that the Stream trading protocol is seeking ways to maximize the value of customer and creditor assets, with the goal of integrating, liquidating, and distributing assets as quickly and prudently as possible. The team is currently considering several strategic alternatives that require the participation of customers and creditors, with more details expected to be provided in the coming weeks. Inquiries can be directed to Jeremiah Ledgwidge of Cooley LLP.

In November last year, Stream Finance disclosed an asset loss of $93 million and suspended withdrawals, following which XUSD experienced a significant depeg.