Stablecoin protocol Resupply has announced that it has fully repaid a $10 million bad debt.

By: theblockbeats.news|2025/08/01 23:12:20

0

Share

copy

BlockBeats News, August 1st, according to official sources, the stablecoin protocol Resupply announced that the $10 million bad debt has now been fully repaid. Among them, the $8.8 million bad debt related to the recent security vulnerability has been repaid first.

The remaining $1.13 million bad debt is covered by a loan obtained from yearn, and will be gradually repaid through the protocol's RSUP pledged in Convex and Yearn Finance. With this, all bad debts have been officially cleared.

You may also like

Why Are GPU Prices Skyrocketing Out of Control?

Why Are GPU Prices Skyrocketing Out of Control?

Compute Power is Being Preemptively Locked In as AI Drives GPUs into a Prolonged Supply Crunch Cycle

How to Master Claude Cowork Completely?

How to Master Claude Cowork Completely?

A System to Let AI Start Working for You Instead of Chatting With You

70-Page Confidential Letter Alleges First Charge of 'Lying,' Altman Tells Board 'I Can't Change My Personality'

70-Page Confidential Letter Alleges First Charge of 'Lying,' Altman Tells Board 'I Can't Change My Personality'

I feel the weight of this responsibility every day

Is Altcoin Season Starting in 2026? What Traders Should Watch Now

Is Altcoin Season Starting in 2026? What Traders Should Watch Now

Altcoin season signals are becoming clearer in 2026 as capital rotation across crypto markets accelerates. Here’s what traders should watch and how strategy-based participation is evolving in the current market cycle.

Bitcoin ETF Inflows in 2026: Impact on BTC Price and Crypto Market Trends

Bitcoin ETF Inflows in 2026: Impact on BTC Price and Crypto Market Trends

Bitcoin ETF inflows are reshaping BTC price trends and crypto market liquidity in 2026. See how institutional capital is influencing volatility, trading behavior, and portfolio allocation strategies across crypto markets.

Visa's Stablecoin Strategy: Cards, Settlement, and the Future

Visa's Stablecoin Strategy: Cards, Settlement, and the Future

At that time, the team no longer viewed cryptocurrency as a "card product," but began to see stablecoins as a real solution capable of addressing real-world problems.

Stock Market Split

Stock Market Split

The financial industry continues to evolve and develop as always, and will adopt any structure that can narrow the gap between the occurrence of events and the expression of opinions in prices.

How to capture the next Alpha in the narrative of predictive markets?

How to capture the next Alpha in the narrative of predictive markets?

The prediction market is by no means a new casino in the cryptocurrency world, but rather a pricing engine for "event assets" that fills a 400-year gap in financial history: an article that reveals how it will reshape the logic of wealth in the next decade.

"Legal" Ponzi scheme? Unveiling the circular lending of Gemini exchange and its founder

"Legal" Ponzi scheme? Unveiling the circular lending of Gemini exchange and its founder

Internal related-party transactions and financial black holes have triggered a crisis of trust, and the valuation logic has completely collapsed in the secondary market.

The first stock of stablecoins, Circle, has officially launched the new public chain ARC points system, and the interactive guide is here

The first stock of stablecoins, Circle, has officially launched the new public chain ARC points system, and the interactive guide is here

Arc is an internal project of Circle. Although it has not publicly raised funds, Circle Ventures launched the Arc Builders Fund (amount undisclosed) to attract investments from over 30 top VC networks in ecological projects.

Oil prices are approaching a critical point. What will happen in mid-April?

Oil prices are approaching a critical point. What will happen in mid-April?

Time becomes the deciding factor, and the oil market will take three paths.

The oil price is approaching a critical point, what will happen in mid-April?

The oil price is approaching a critical point, what will happen in mid-April?

Time Becomes a Determining Factor as the Oil Market Takes Three Paths

Mechanism drives value, deflation leads the future: MIAU will officially launch on PancakeSwap on April 13

Mechanism drives value, deflation leads the future: MIAU will officially launch on PancakeSwap on April 13

MIAU provides a new value paradigm for the industry with its threefold advantages of "FunPlusWeb3 trendy IP ecosystem + mechanism consensus + relative deflation."

Zhou Hang, the founder of Yidao Yongche: Cryptocurrency has finally arrived at its time to shine

Zhou Hang, the founder of Yidao Yongche: Cryptocurrency has finally arrived at its time to shine

Cryptocurrency has not failed; it has simply targeted the wrong users over the past decade.

Who else cannot be distilled into skill?

Who else cannot be distilled into skill?

Token Hundred Thousand Slaughter Yama

Who else cannot be distilled into skill?

Who else cannot be distilled into skill?

Token Yama of Decimation

The huge shock in the South Korean cryptocurrency market: How should traders view it?

The huge shock in the South Korean cryptocurrency market: How should traders view it?

As the contradiction between the institutional capital inflow brought by the new government's "pro-crypto" policy and the tightening of retail infrastructure intensifies, this structural "information asymmetry" in the Korean market will persist for a long time, continuously giving rise to fleeting e...

From "Kimchi Premium" to Bithumb's Rectification: An Interpretation of the Current Situation in the South Korean Crypto Market

From "Kimchi Premium" to Bithumb's Rectification: An Interpretation of the Current Situation in the South Korean Crypto Market

Market structure or information gap? — Why does the South Korean crypto market often make global traders "lag behind."

Why Are GPU Prices Skyrocketing Out of Control?

Compute Power is Being Preemptively Locked In as AI Drives GPUs into a Prolonged Supply Crunch Cycle

How to Master Claude Cowork Completely?

A System to Let AI Start Working for You Instead of Chatting With You

70-Page Confidential Letter Alleges First Charge of 'Lying,' Altman Tells Board 'I Can't Change My Personality'

I feel the weight of this responsibility every day

Is Altcoin Season Starting in 2026? What Traders Should Watch Now

Altcoin season signals are becoming clearer in 2026 as capital rotation across crypto markets accelerates. Here’s what traders should watch and how strategy-based participation is evolving in the current market cycle.

Bitcoin ETF Inflows in 2026: Impact on BTC Price and Crypto Market Trends

Bitcoin ETF inflows are reshaping BTC price trends and crypto market liquidity in 2026. See how institutional capital is influencing volatility, trading behavior, and portfolio allocation strategies across crypto markets.

Visa's Stablecoin Strategy: Cards, Settlement, and the Future

At that time, the team no longer viewed cryptocurrency as a "card product," but began to see stablecoins as a real solution capable of addressing real-world problems.

Popular coins

Latest Crypto News

02:42

Data: BTC total network contract open interest increased by 8.09% in 24 hours

According to Coinglass data, the total contract open interest for BTC has increased by 8.09% in the past 24 hours, with the current total open interest at $50.804 billion. Among them, Binance's open interest is $8.887 billion, OKX's open interest is $2.982 billion, Bybit's open interest is $4.386 bi...

02:42

Polymarket officially announces a major upgrade, reconstructing the matching engine and launching a native stablecoin

The on-chain prediction market platform Polymarket announced that it will conduct "the largest infrastructure upgrade since its launch" in the next 2-3 weeks, including a complete reconstruction of the trading engine and the launch of the native stablecoin Polymarket USD.This upgrade will introduce ...

02:42

Data: If BTC falls below $66,365, the cumulative long liquidation intensity on major CEX will reach $1.996 billion

According to Coinglass data, if BTC falls below $66,365, the cumulative long liquidation intensity on major CEXs will reach $1.996 billion. Conversely, if BTC breaks above $73,064, the cumulative short liquidation intensity on major CEXs will reach $1.288 billion.

02:42

Data: If ETH falls below 2,040 USD, the cumulative long liquidation intensity on major CEXs will reach 1.414 billion USD

According to Coinglass data, if ETH falls below $2,040, the cumulative long liquidation intensity on mainstream CEX will reach $1.414 billion. Conversely, if ETH breaks above $2,253, the cumulative short liquidation intensity on mainstream CEX will reach $889 million.

00:42

Bloomberg: Binance's compliance team undergoes personnel changes, Chief Compliance Officer may resign

According to Bloomberg, there have been personnel changes in Binance's compliance team, involving key positions related to financial crime monitoring and sanctions compliance. Its Chief Compliance Officer Noah Perlman is currently discussing future departure matters with management and may leave thi...