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

Stables Labs posted on the X platform 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 arrangement aimed at providing affected holders with a recovery path referenced to a value of 1 USD, based 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 a claims registration window has been opened. The recovery will be carried out in phases, depending on resource allocation, liquidity conditions, and cooperation arrangements, with progress to be publicly disclosed.