USDX loses its peg — and DeFi gets nervous.
By Maxime Laurent · 2025-11-07 08:52
USDX loses its peg — and DeFi gets nervous.
The stablecoin crashes 60% to $0.30 😬💥
The synthetic stablecoin $USDX, issued by Stable Labs (a MiCA-regulated company, mind you), has lost its peg to the dollar, plunging more than 60% in 24 hours to around $0.30. The team has gone silent so far, while DeFi projects using USDX are scrambling to limit damage or advising users to check exposure.
Analysts link the depeg to the recent Balancer and Stream Finance exploits, which have rippled through interconnected liquidity pools. The contagion effect is already spreading — Elixir just dropped support for its deUSD stablecoin after the Stream hack.
It’s starting to feel like multiple DeFi “farm zones” could unwind at once — fragile collateral, looping strategies, leveraged LPs… the whole cocktail. One spark and voilà, a mini DeFi panic.
If you’re farming or providing liquidity with USDX pairs — double-check those pools, les amis. This could get messy fast.
#USDX #stablecoin #DeFi #crypto #Balancer #StreamFinance #riskmanagement #MiCA
The stablecoin crashes 60% to $0.30 😬💥
The synthetic stablecoin $USDX, issued by Stable Labs (a MiCA-regulated company, mind you), has lost its peg to the dollar, plunging more than 60% in 24 hours to around $0.30. The team has gone silent so far, while DeFi projects using USDX are scrambling to limit damage or advising users to check exposure.
Analysts link the depeg to the recent Balancer and Stream Finance exploits, which have rippled through interconnected liquidity pools. The contagion effect is already spreading — Elixir just dropped support for its deUSD stablecoin after the Stream hack.
It’s starting to feel like multiple DeFi “farm zones” could unwind at once — fragile collateral, looping strategies, leveraged LPs… the whole cocktail. One spark and voilà, a mini DeFi panic.
If you’re farming or providing liquidity with USDX pairs — double-check those pools, les amis. This could get messy fast.
#USDX #stablecoin #DeFi #crypto #Balancer #StreamFinance #riskmanagement #MiCA
Disclaimer: This content is for informational purposes only and not financial advice.