ChainThink news, October 7th, the stablecoin protocol USD.AI, which provides credit for AI, announced that it will increase the limit of autoUSDai by 100 million US dollars at 0:00 Beijing time on October 9th, to support the orderly liquidation of USDT0 in the Euler Frontier USDai market. USD.AI stated that this action to increase the limit is a targeted stability measure and not a regular limit increase. Due to the demand for USDai, the exchange rate has been pushed up to 1.06 US dollars.

Yesterday, Euler Finance has suspended USDai lending on Plasma. The USDai market will start partial repayment tomorrow, and LTV will begin to decline on Wednesday. All unliquidated USDai loan positions must be repaid and liquidated in a timely manner. All new USDC deposits will be directly transferred to autoUSDai on Arbitrum, during which autoUSDai will receive a 25x multiplier for 30 days. In addition, from today, USD.AI will reduce the Allo Gam multiplier for all non-aligned pools from 10x to 3x, to protect the USDai peg and reward those who help stabilize the system.