2026-01-15 09:31:04

The decentralized stablecoin track is currently experiencing a de-pegging disaster.

Speaking of the most exaggerated decline, none other than USDX—the star project created by StablesLabs—once attracted $275 million in funding valuation, but now it has de-pegged by 97.9%, transforming from a "leader in the track" into a textbook-level failure case.

The truth about this track is actually quite ironic: investors want returns, while project teams want principal. Both sides have their own hidden agendas, and in the end, it is ordinary users who get hurt. From USDX's experience, those decentralized stablecoins claiming over-collateralization and perfect mechanisms are revealing their true nature under market pressure. This is not only a project failure but also a warning sign of a crisis in the entire track model.

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WalletDoomsDay

· 01-18 07:07

It's the same old trick; no matter how eloquently it's put, it's still a dead end.

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NFTRegretful

· 01-17 04:29

Bro, I've seen through this USDX thing a long time ago. All this talk about perfect mechanisms is nonsense; in the end, it's just a scheme to harvest retail investors.

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HashRateHermit

· 01-15 10:01

97.9% de-pegged? That's exactly what I've been saying — decentralized stablecoins are all scams.

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DeadTrades_Walking

· 01-15 09:55

275 million invested, ultimately dropping 97.9%, this is the reality of Web3.

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RegenRestorer

· 01-15 09:44

97.9% de-anchored? That's incredible. The once "top dog" is gone just like that. The story of USDX just tells us: no matter how perfect the mechanism, it can't withstand human greed. Wake up, everyone. This track is essentially a game of hot potato—early investors make money, later ones take over, simple and brutal. Investors want returns, project teams want principal, and retail investors in the middle are the ones crying... Another myth of "over-collateralization and perfect mechanism" shattered. Where's the promised decentralization? A $275 million funding valuation just wiped out—how absurd is that... So decentralized stablecoins are just a false proposition? It's more reliable to trust USDT. Ironically, these projects are still following this track, truly lessons unlearned. 97.9% de-anchored, how desperate must that be... this is the real "rug."

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Degen4Breakfast

· 01-15 09:42

97.9% de-pegged? USDX is really turning "stablecoins" into a roller coaster Investors want returns, project teams want principal, and retail investors end up as the bagholders... This trick is so old.

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