Stream Finance stablecoin drops 77%, fund manager loses $93 million

The stablecoin price of Stream Finance plummeted by 77% due to significant losses suffered by the fund manager of the agreement, with a loss amount of up to 93 million US dollars. Previously, Stream Finance received attention for its stablecoins and decentralized financial services, but this incident has caused market panic and severely affected investors' trust in the agreement. The community has raised doubts about fund management issues and may face stricter scrutiny in the future. （Decrypt）