The synthetic stablecoin USDX also suffered a setback after decoupling from xUSD, briefly plummeting to $0.30. Stable Labs, the issuer, has announced a “restoration plan” and opened voluntary registration, ensuring transparency through on-chain snapshots and phased disclosures.
(Background: USDX stablecoin decoupled sharply to $0.38! Whales tried to buy the dip but were unable to redeem, causing a chain reaction in the DeFi market .)
(Additional background: After xUSD stablecoin decoupled, the USDX pool also dried up .)
![图片[1]-USDX stablecoin announces “stakeholder registration resumes,” issuer Stable Labs: no guarantee of redeeming $1 value.-OzABC](https://www.ozabc.com/wp-content/uploads/USDX-750x375-1.webp)
combineStables Labs, the issuer of the USDX stablecoin, stated that the USDX market price had previously decoupled due to market liquidity conditions and liquidation effects. The team has initiated a “recovery arrangement,” providing a recovery path with a reference price of $1, provided resources are available, and has opened a voluntary application registration window.
Qualification Registration Window
The balances of affected holders will be confirmed via on-chain snapshots.
The official registration form is available here: https://forms.gle/Vy6MuLCGyvPACCfc7
Mechanism Explanation: Non-Redemption Guarantee
Stables Labs explains that USDX’s stabilization mechanism is supported by collateralized positions and hedging strategies, but adjustments may be delayed under extreme market conditions. This arrangement does not constitute any guarantee, redemption obligation, deposit-taking, or pooled investment product; it is a voluntary recovery path focused on assisting affected holders with available resources.
To ensure transparency and verifiability, the team proposed that the recovery progress be “released in stages,” and further announcements will be made later.
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