PANews reported on November 8th that Stables Labs stated on its X platform that due to recent market liquidity conditions and liquidation dynamics, the market price of USDX has deviated from its reference value. USDX's stabilization mechanism is supported by collateralized positions and hedging strategies; however, adjustments to these mechanisms may lag under extreme market conditions. A recovery path based on a $1 value will be provided to affected holders. This arrangement is voluntary and does not constitute any form of guarantee, redemption obligation, deposit-taking, or pooled investment product. To ensure transparency and verifiability, the balances of affected holders in the application registration window will be determined through on-chain snapshots. The phased recovery progress will be publicly and verifiably disclosed.

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