The move follows a June 23 exploit that has now resulted in closing down the wallet, with users urged to withdraw their assets before all functions are disabled on Aug. 3, 2026.
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RWA protocol stUSDT winds down three years after $2.3B TVL peak
The stUSDT team did not disclose a reason for winding down the RWA protocol but assured holders that all underlying assets remain fully backed.
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