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The stablecoin experienced the largest weekly outflow of funds since the Luna crash, totaling 1 billion USD.

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On November 7, according to Stablewatch data, stablecoins experienced the largest outflow of funds in the past week since the UST crash during the 2022 Luna incident, totaling 1 billion USD. xUSD under Stream Finance directly dropped to zero due to a loss of 93 million USD in fund assets, while csUSDL under Coinshift saw its TVL decrease by 95%, leaving only 1.92 million USD. The stablecoins deUSD and sdeUSD under Elixir simultaneously faced a liquidity crisis.

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