Altura said it will begin an orderly wind-down of its stablecoin yield vault after processing more than 8.5 million USDT in instant redemptions over 24 hours.
According to NS3.AI, the vault reached a peak total value locked of $39 million on HyperEVM.
CEO Ranveer Arora said Altura has started unwinding positions, noting that some positions may take longer to be fully redeemed.
The update followed a sharp move in another product in the market, with Main Street’s yield-bearing msUSD falling more than 70% on Saturday. Altura said it had no direct exposure to Main Street or its strategies.
Altura to Wind Down Stablecoin Yield Vault After 8.5 Million USDT Redemptions
2026-06-22 04:28:39
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