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Updates Regarding @Re7Labs USDX Market and @MEVCapital sUSDX Market
We’re closely monitoring the ongoing situation in both markets. Our goal remains the same - to protect users, stabilize the markets, and support our partners toward a sustainable resolution.
We have taken the following actions:
1️⃣ Actively assisting @MEVCapital and @Re7Labs in coordinating with @StablesLabs to resolve the underlying issues
2️⃣ Applying a 3% borrowing rate cap for the @MEVCapital sUSDX/USDT market - as higher rates no longer encourage repayment and only risk creating unnecessary bad debt.
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