Stables Labs confirms USDX’s deviation from its $1 peg, launching a voluntary, phased $1 recovery program using on-chain snapshots and regular public disclosures to track progress.
In an official statement, Stables Labs reported that the USDX stablecoin’s price had diverged from its $1 reference value due to liquidity shortages and liquidation dynamics. The company launched a voluntary recovery plan, offering a phased path to restore $1 value for affected holders, with eligibility determined through on-chain snapshots and progress disclosed in public updates.