Stables Labs: USDX recovery plan has been launched, and the claim registration window is now open

ChainCatcher News, Stables Labs posted on X stating that due to market liquidity conditions and liquidation dynamics, the market price of USDX has deviated from its reference value.

The team has initiated a recovery plan aimed at providing affected holders with a recovery path referencing a value of $1 per USDX, depending on resource availability. This arrangement is voluntary and does not constitute a guarantee or redemption obligation.

The balances of affected holders will be identified through an on-chain snapshot, and the claim registration window is now open. The recovery will be carried out in phases, depending on resource allocation, liquidity conditions, and cooperation arrangements, and progress will be publicly disclosed.