Solana-based DeFi protocol UsePaid has suspended X Money payments following a volume spike of $1.54 million in 24 hours, a 26-fold increase from previous records. ACH deposits were failing to credit, forcing UsePaid to cap individual payouts at $750 until September 28. The company stated that existing balances remain safe and fees will continue to accrue while working on a temporary claims portal. X Money, the integrated digital banking service launched on July 27 for US Premium and Premium+ subscribers, had previously faced regulatory issues in New York over interest payments on deposits.
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