On Thursday, another stablecoin, this one dubbed ‘USDX’ from Stable Labs, took a nosedive off its $1 peg, skidding all the way down to $0.3736. The meltdown, some say, traces back to the Balancer exploit that left more than $100 million vanishing into the ether. USDX Springs a Leak After the Stream Finance debacle—where its […]On Thursday, another stablecoin, this one dubbed ‘USDX’ from Stable Labs, took a nosedive off its $1 peg, skidding all the way down to $0.3736. The meltdown, some say, traces back to the Balancer exploit that left more than $100 million vanishing into the ether. USDX Springs a Leak After the Stream Finance debacle—where its […]
USDX Stablecoin Breaks From Its $1 Peg, Sliding to $0.37
On Thursday, another stablecoin, this one dubbed ‘USDX’ from Stable Labs, took a nosedive off its $1 peg, skidding all the way down to $0.3736. The meltdown, some say, traces back to the Balancer exploit that left more than $100 million vanishing into the ether. USDX Springs a Leak After the Stream Finance debacle—where its […]
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