Stables Labs has launched a recovery plan for its stablecoin USDX, addressing recent market-driven price deviations. Announced on November 8, the plan aims to restore the stablecoin's 1 USD reference value for affected holders. The initiative is voluntary, with no guarantees or obligations, and involves a claim registration window now open for users. Balances will be determined through on-chain snapshots, and progress will be transparently disclosed in phases.
Stables Labs Initiates USDX Recovery Plan Amid Price Deviations
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