PANews reported on November 7th that Elixir announced on its official Twitter account that the stablecoin deUSD has been officially retired and no longer has any value. The platform will initiate a USDC compensation process for all holders of deUSD and its derivatives (such as sdeUSD). This includes lenders who hold collateral, AMM LPs, and Pendle LPs. Elixir also warned users not to purchase or invest in deUSD through AMMs or similar channels.