One month after the 1011 incident, several stablecoin projects are experiencing significant depegging. Stream Finance's xUSD has plummeted to $0.083, marking an 87% depeg, with its market cap shrinking from $200 million to $16 million. Elixir's deUSD has been hit harder, trading at $0.018, a 98% depeg, leading to the project's announced retirement. Meanwhile, Stable Labs' USDX, despite backing from major funds, is trading at $0.65, a 35% depeg. River has managed to avoid depegging but has halted token conversions to prevent potential dumping.