Wemix.fi Suspends Borrowing Services Temporarily Due to Stablecoin Settlement Issues
Publication Time:2024-07-31 06:02:05
Decentralized finance platform Wemix.fi, linked to the cryptocurrency Wemix, recently issued a statement announcing the temporary halt of its borrowing services. This decision was prompted by problems encountered with the settlement of WEMIX, a stablecoin pegged to the US dollar on its platform. Wemix.fi highlighted that this suspension and the pause in settlement functions were implemented as a response to the current challenges they face. They also promised to provide an update on service restoration as soon as possible. However, the platform did not offer detailed information regarding the status of the stablecoin's settlement.
stablecoins
Wemix
Wemix.fi
decentralized finance
borrowing services
settlement issues