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Silo Labs updates on the progress of the XUSD depegging event, confirming repayments of approximately 2.13 million USD.

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According to Mars Finance, the Sonic ecological lending protocol project Silo Labs has updated the progress of the xUSD depegging incident on the X platform. So far, the confirmed repayment amount has reached approximately 2.13 million USD, including about 88,169 USD on the Sonic on-chain, about 556,669 USD on the Avalanche on-chain, and about 1.49 million USD on the Arbitrum on-chain. Previously, the Stream Finance stablecoin xUSD's price significantly deviated from its target range, affecting on-chain Curated Markets including Euler, Morpho, and Silo, leading to liquidity issues.

AVAX-0.15%
ARB-0.81%
SONIC3.48%
STREAM-0.11%
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