Stables Labs announces phased USDX recovery plan following severe depeg

After a few days of silence, Stables Labs has announced a “USDX Restoration Arrangement” following the depeg of its synthetic stablecoin. It stated that “due to market liquidity conditions and liquidation dynamics, the market price of USDX has experienced a deviation from its reference value.

Source: cryptopolitan.com

Related symbols: USDXUSD