Stablecoin project Elixir has completed approximately 80% of deUSD redemptions in the past 48 hours, excluding those held by Stream. Stream currently holds about 90% of the deUSD supply, valued at approximately $75 million. Elixir's remaining assets are primarily in the form of Morpho loans issued to Stream. Elixir has taken a snapshot of the remaining deUSD and sdeUSD holders and plans to launch a USDC redemption page, allowing holders to exchange their tokens at a 1:1 ratio. To protect holders' interests and prevent asset liquidation before Stream repays its loans, Elixir has disabled minting and redemption functions and plans to terminate the deUSD project soon.