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Nalezeno "$1 peg": 202

Stablecoin Shake-Up: $1.9B Drop Hits Market as XUSD and USDX Break Peg


The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long winning streak. Leading the cutback was Ethena’s USDe, which slipped 7.91%. To make matters spicier, two stablecoins also lost their dollar composure, wobbling off their $1 targets...

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...

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