Altura is shutting down its $39M USDT vault on HyperEVM after processing $8.5M in withdrawals triggered by contagion fears from the msUSD stablecoin

Altura's CEO said market speculation played a part, seemingly referring to contagion fears linked to the depegging of Main Street's msUSD.

Altura is shutting down its $39M USDT vault on HyperEVM after processing $8.5M in withdrawals triggered by contagion fears from the msUSD stablecoin

La chiusura del vault USDT Altura segue prelievi massicci di oltre 8,5 milioni di dollari in sole 24 ore, una crisi alarmante.