Without CEX as an accomplice, they can't cut much.

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'!