What kind of world is this?! The stablecoin has exploded again (people might have forgotten that three years ago, Luna's stablecoin UST went to zero overnight, leading to a loss of 40 billion dollars across the network)! Last night, the so-called stablecoin USDX has collapsed, and the price has dropped to 0.15U! (The Chinese USDX rights protection group has been updated at the end of the article!)
This article collects a lot of primary information. If you don't want to read it all, let me state the conclusion first: If you still have USDE in hand, quickly sell it! Don't take the risk of losing your entire principal for just a few extra annual percentage points!

Next, I will try to simplify the entire sequence of events and explain to everyone the tricks and risks of this type of 'synthetic stablecoin'!