Neutrl Halts NUSD Minting And Redemptions As DeFi Protocol Investigates Unspecified Reserve Issue
Neutrl has halted NUSD minting and redemptions after unspecified circumstances affected its reserves, while also pausing other protocol functions as it investigates. The protocol has not disclosed the cause, any potential losses or a restart date, leaving approved users unable to redeem NUSD directly for its backing assets.
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