According to CoinMeta, Neutrl announced a suspension of the minting, redemption, and other protocol functions for NUSD due to reserve issues, affecting approximately $53.7 million in NUSD circulation. The company stated that the suspension was based on advice from legal counsel to protect user interests and maintain an orderly process. Neutrl has not yet provided a forecast date for the restoration of affected functions, but users will be informed of a “clear and orderly process” at an appropriate time. Currently, the reserve dashboard for Neutrl shows assets of $91 million, with a circulation of $53.7 million and a reserve coverage rate of 101.12%.