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Reserve: Temporarily suspended the minting and rebalancing of eUSD and USD3, redemption functions are normally open.

MeNews
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ME News Update, April 20 (UTC+8), the official announcement from the stablecoin platform Reserve on Ethereum states that they are closely monitoring the Kelp DAO LayerZero bridge attack incident. Currently, it is believed that Reserve DTF holders will hardly be affected. If the rsETH on the mainnet depreciates significantly (possibly a 15.5-18.5% devaluation), Aave may incur bad debt, which could then impact Aave V3's USDC collateral. RSR stakers in Reserve Protocol USD3 and eUSD may be protected as "first-loss capital," but the impact is minimal, and RSR's over-collateralization is sufficient to cover it. ETH+ and bsdETH contain no rsETH collateral, making them risk-free. Out of caution, Reserve has temporarily paused minting and rebalancing of eUSD and USD3, as well as RSR unwinding. Redemption functions remain operational. If users want RSR over-collateralization protection, it is recommended to continue holding. (Source: ChainCatcher)
ETH4.27%
ZRO-2.02%
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