Stream Finance Initiates Creditor Registration to Pursue Global Settlement with $285M Debt on June 30

According to The Defiant, Stream Finance, the defunct DeFi yield protocol, initiated creditor registration via an online form on June 30 to prepare for a potential global settlement. The protocol has an estimated direct debt exposure of approximately $285 million across two creditor classes: direct holders of xUSD, xBTC, and xETH tokens, and institutional lenders (including curators on Euler, Morpho, Silo, and Gearbox) who accepted Stream tokens as collateral.

Key creditors include TelosC with approximately $124 million exposure and Elixir with roughly $68 million (representing 65% of its deUSD stablecoin reserves). Stream has not committed to a specific repayment plan or established creditor priority. The xUSD stablecoin, originally pegged at $1, currently trades at approximately $0.08, reflecting a 92% depreciation.