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Stablecoin Protocol Resupply Announces Full Repayment of $10 Million Bad Debt

Summary: According to official sources, stablecoin protocol Resupply has announced that $10 million in bad debt has been fully repaid. Of this amount, $8.8 million related to a recent security vulnerability has been repaid first. The remaining $1.13 million in bad debt is covered by a loan obtained from yearn, and will be gradually repaid through ...

According to official sources, stablecoin protocol Resupply has announced that $10 million in bad debt has been fully repaid. Of this amount, $8.8 million related to a recent security vulnerability has been repaid first. The remaining $1.13 million in bad debt is covered by a loan obtained from yearn, and will be gradually repaid through the income generated by RSUP staked in Convex and Yearn Finance. With this, all bad debts have been officially cleared.

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