The stUSDT team has announced plans to close its real-world asset (RWA) protocol, roughly three years after it peaked at about 2.3 billion in total value locked. The team has not said why it is shutting down, but it has told holders that all underlying assets remain fully backed. The protocol's $USDT-linked structure and its path from peak to closure are the main points of interest here.

Holders will likely be watching closely for how redemptions

Source: https://cointelegraph.com/news/rwa-protocol-stusdt-winds-down-three-years-after-23b-tvl-peak

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