TechFlow news, August 1 — According to an official announcement, stablecoin protocol Resupply has fully repaid its $10 million in bad debt. Of this amount, the $8.8 million linked to a recent security breach was repaid first. The remaining $1.13 million in bad debt has been covered by a loan obtained from Yearn, and will be gradually repaid through yields generated by RSUP staked by the protocol in Convex and Yearn Finance. As such, all bad debt has now been officially cleared to zero. Previously, Resupply stated that the hack had resulted in approximately $10 million in reUSD bad debt.
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