2025.11.10 本文字数：2360，阅读时长大约4分钟 作者 |第一财经 后歆桐 在上个月刚经历过美元稳定币脱锚，多个加密货币被集体抛售的动荡后，近期，币圈再陷新一轮动荡。 一方面，又一稳定币脱锚，跌破1美元。另一方面，比特币在10月录得多年来首个10月下跌后，近几个 月交易日又跌破10万美元大关。 稳定币脱锚、比特币大跌共振 上周，由Stable Labs发行的合成稳定币USDX严重偏离其1美元挂钩，一度暴跌至0.113美元。这引发了 一系列连锁反应，多个借贷平台紧急清算，借款利率一度飙升至惊人的800%。市场对相关去中心化金 融（DeFi）协议产生连锁反应的担忧加剧。 公开资料显示，USDX的发行方Stable Labs自称为"符合欧盟MiCA法规的稳定币和代币化资产发行商"。 该公司曾在2024年宣布，以2.75亿美元的估值完成了4500万美元的融资。但在USDX严重脱锚后，Stable Labs至今未作出任何公开回应，越发加剧了市场不确定性。 不过，多个主流DeFi协议已迅速采取行动。借贷协议Lista DAO与币安支持的去中心化交易所 PancakeSwap相继发布声明，表示正在密切监控局势。 ...

一方面，又一稳定币脱锚，跌破1美元。另一方面，比特币在10月录得多年来首个10月下跌后，近几个 月交易日又跌破10万美元大关。 稳定币脱锚、比特币大跌共振 上周，由Stable Labs发行的合成稳定币USDX严重偏离其1美元挂钩，一度暴跌至0.113美元。这引发了 一系列连锁反应，多个借贷平台紧急清算，借款利率一度飙升至惊人的800%。市场对相关去中心化金 融（DeFi）协议产生连锁反应的担忧加剧。 公开资料显示，USDX的发行方Stable Labs自称为"符合欧盟MiCA法规的稳定币和代币化资产发行商"。 该公司曾在2024年宣布，以2.75亿美元的估值完成了4500万美元的融资。但在USDX严重脱锚后，Stable Labs至今未作出任何公开回应，越发加剧了市场不确定性。 在上个月刚经历过美元稳定币脱锚，多个加密货币被集体抛售的动荡后，近期，币圈再陷新一轮动荡。 不过，多个主流DeFi协议已迅速采取行动。借贷协议Lista DAO与币安支持的去中心化交易所 PancakeSwap相继发布声明，表示正在密切监控局势。其中，Lista DAO已发起紧急治理投票，寻求强制 清算相关资产的授权。Lista D ...

在上个月刚经历过美元稳定币脱锚，多个加密货币被集体抛售的动荡后，近期，币圈再陷新一轮动荡。 一方面，又一稳定币脱锚，跌破1美元。另一方面，比特币在10月录得多年来首个10月下跌后，近几个 月交易日又跌破10万美元大关。 稳定币脱锚、比特币大跌共振 上周，由Stable Labs发行的合成稳定币USDX严重偏离其1美元挂钩，一度暴跌至0.113美元。这引发了 一系列连锁反应，多个借贷平台紧急清算，借款利率一度飙升至惊人的800%。市场对相关去中心化金 融（DeFi）协议产生连锁反应的担忧加剧。 公开资料显示，USDX的发行方Stable Labs自称为"符合欧盟MiCA法规的稳定币和代币化资产发行商"。 该公司曾在2024年宣布，以2.75亿美元的估值完成了4500万美元的融资。但在USDX严重脱锚后，Stable Labs至今未作出任何公开回应，越发加剧了市场不确定性。 不过，多个主流DeFi协议已迅速采取行动。借贷协议Lista DAO与币安支持的去中心化交易所 PancakeSwap相继发布声明，表示正在密切监控局势。其中，Lista DAO已发起紧急治理投票，寻求强制 清算相关资产的授权。Lista D ...

随着USDX价格的暴跌，多个主流去中心化金融协议已迅速采取行动。借贷协议Lista DAO与币安支持的去中心化交易所PancakeSwap相继发布声 明，表示正在密切监控局势。其中，Lista DAO已发起紧急治理投票，寻求强制清算相关资产的授权，以控制风险敞口。 Lista DAO指出，与Stable Labs有关联的主要借款方在其平台上的借款利率飙升，但并未出现任何还款活动。为应对危机，该协议已通过闪电贷执 行清算，收回了超过290万枚USD1代币，试图在危机蔓延前拆除这颗"定时炸弹"。 截至目前，USDX的发行方Stable Labs尚未对此事发表任何评论。据The Block价格页面显示，尽管USDX价格曾短暂飙升至1.11美元以上，但截至 发稿时已跌至0.113美元左右，市场的恐慌情绪仍在发酵。 在加密货币市场本已动荡的背景下，又一款稳定币遭遇了信任危机。由Stable Labs发行的合成稳定币USDX周四严重偏离其1美元挂钩，引发了市 场对相关去中心化金融（DeFi）协议产生连锁反应的担忧。 连锁反应与紧急清算 USDX的脱锚事件在DeFi社区引发了高度警觉，相关协议迅速启动了应急预案。Lista ...

Core Insights - The synthetic stablecoin USDX issued by Stable Labs has experienced a significant de-pegging from its $1 value, raising concerns about potential cascading effects on decentralized finance (DeFi) protocols [1][3] - Major DeFi protocols, including Lista DAO and PancakeSwap, have initiated emergency measures to monitor the situation and mitigate risks associated with the USDX crisis [1][3] Group 1: Market Reaction - Following the de-pegging of USDX, Lista DAO launched an emergency governance vote (LIP 022) to authorize forced liquidation of assets linked to MEV Capital and Re7 Labs [3][4] - Lista DAO executed a flash loan to recover over 2.9 million USD1 tokens, aiming to contain the crisis before it escalated further [1][3] - PancakeSwap has alerted users to monitor their positions in affected liquidity pools, indicating the widespread impact of the USDX situation [5][6] Group 2: Underlying Issues - Speculation regarding the cause of USDX's de-pegging includes a potential link to a $128 million theft from Balancer, which may have forced Stable Labs to liquidate its Bitcoin and Ethereum short positions [7][8] - Concerns have been raised about the management of USDX, with questions about the lack of active portfolio management and the apparent failure of major borrowers to repay loans [7][8] Group 3: Company Background - Stable Labs, the issuer of USDX, claims to comply with EU MiCA regulations and has a notable investment background, having raised $45 million at a $275 million valuation [8] - Despite its significant backing from well-known investors, Stable Labs has remained silent regarding the USDX crisis, contributing to market uncertainty [8]

This unlucky guy deposited $621K into usdxmoney 2 weeks ago — now it's worth only $163K, a $458K(-74%) loss in only 14 days.And he still hasn't withdrawn his funds.2 weeks ago, whale 0x88b7 swapped 621K $USDT for $USDX and deposited it into usdxmoney.After Stream Finance disclosed a $93M loss on Nov 4, he sensed the risk and tried to redeem — but 3 days later, his funds are still stuck in usdxmoney.Keep your funds safe — be cautious when depositing into DeFi protocols.https://t.co/CqXszYa14c ...

Synthetic stablecoin USDX depegs below $0.60, PancakeSwap and Lista monitoring the situation https://t.co/rTOkKipBYP ...

USDX has depegged to $0.3887.Brave whale 0xe454 quickly spent 800K $USDT to buy 933,241 $USDX at $0.8572 right after noticing the depeg — adding to the 1.4M $USDX he bought a week ago, all submitted for redemption.If redemption succeeds, he'll net around $135K in profit.But 3 hours have passed, and he has not yet successfully redeemed.https://t.co/uNYaAmyHI6 ...

Lista DAO acknowledges receiving a public statement from Re7 Labs regarding the USDX market asset disposal plan. The Re7 team is willing to facilitate the liquidation of the USDX market. Lista DAO will soon initiate a governance vote to advance the market liquidation process. https://t.co/5CHQ8SVQZs ...

RT Lista DAO (@lista_dao)📢 LIP 022 - Emergency Vote: Enabling Forced Liquidation for USDX Market (re7 vault)This proposal is being put forward as an emergency one-hour vote, following a request from the vault curator, to enable forced liquidation mechanisms for the USDX/USD1 market.🔹The @Re7Labs request:https://t.co/5TdLkYcTrjThis action aims to minimize potential losses and maintain healthy market conditions across the ecosystem.Vote Now🔗: https://t.co/mKb9HbWphjVoting Period: 1 hour.🔹Yes: Move forward the ...