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Altura winds down stablecoin vault after ‘unprecedented level’ of withdrawal requests
Altura is reducing its stablecoin vault due to an unprecedented level of withdrawal requests. The CEO attributed this to market speculation, likely referencing contagion fears tied to the depegging of Main Street's msUSD.
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Adjacent reporting
- IMF warns rising stablecoin use could weaken Naira demands
- Bank of England reconsiders strict stablecoin regime
- Tether winds down aUSDT stablecoin and Alloy platform to sharpen focus
- Private credit withdrawals spike
- Anchorage is stepping back from Robinhood and Kraken-backed stablecoin group
- BoE’s Bailey warns of looming ‘wrestle’ with US over stablecoin rules, flags run risk for UK