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Wemix.fi Suspends Lending Services Due to Stablecoin Liquidation Issues

Wemix.fi, the decentralized financial platform for cryptocurrency Wemix, announced the suspension of lending services on July 30. Wemix.fi said the suspension of lending and clearing functions was related to "clearing issues related to the platform's dollar-pegged stablecoin WEMIX". The announcement promised that a notice to resume services would be issued soon. Wemix.fi did not elaborate on the liquidation of its stablecoin.