Elixir has formally retired its deUSD stablecoin, which it declared worthless after Stream borrowed the token to shore up its own stablecoin. The company emphasized that deUSD and sdeUSD holders should redeem USDC through its official claim page to complete the market exit process. Previously, Elixir had redeemed around 80% of holdings, excluding Stream’s large stake worth approximately $75 million. All deUSD operations, including minting and redemption, have been permanently disabled, and the protocol cautioned users to avoid phishing links during claims.