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InsurAce says it will pay millions to claimants after Terra’s collapse -Breaking


InsurAce claims it will pay million to Terra’s survivors

DeFi insurance protocol InsurAce says it was well within its rights to reduce the claims period for people affected by the USD (UST) depeg event from 15 days to seven — but added it has already processed nearly all 173 submitted claims and will pay out $11 million.

InsurAce (INSUR), is the third most important insurance provider. Decentralized financeMarket cap: $15 million for protocols (DeFi).