What is USDX?USDX Stablecoin Depeg Explained: Causes, Impact & Next Steps
Key TakeawaysUSDX, a stablecoin previously designed to maintain a 1:1 peg with the U.S. dollar, experienced a significant depeg, with prices falling below $0.90 at one point.The event is associated with collateral pressure, redemption imbalance, and market liquidity stress, rather than a single technical failure.The incident has renewed investor focus on reserve transparency and verification, especially compared to stablecoins like USDT and USDC.Platforms with 100% Proof of Reserve, such as MEXC