Stables Labs said in a statement on the X platform that the market price of USDX has deviated from its reference value due to market liquidity conditions and liquidation dynamics.
The team has initiated a recovery arrangement designed to provide affected holders with a $1 recovery path based on resource availability. The arrangement is voluntary and does not constitute a guarantee or redemption obligation.
Affected holder balances will be identified via an on-chain snapshot and a claim registration window has been opened. Recovery will be phased in depending on quotas, liquidity status and co-operative arrangements, with progress publicly disclosed.
Stables: The USDX resumption schedule has been initiated and the application registration window is open
2025-11-08 10:10:08
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