Gate News Bot Report: As of November 7th, according to CoinMarketCap data, USDX (Stables Labs (USDX)) is currently priced at $0.82. This represents a 17.57% decline over the past 24 hours. The highest price reached was $1.00, while the lowest dipped to $0.53. The 24-hour trading volume is approximately $399,600. Stables Labs is a next-generation stablecoin infrastructure provider focused on creating a decentralized, bankless stablecoin issuance ecosystem. By bridging the gap between DeFi, CeFi, and TradFi, Stables Labs aims to redefine financial stability and accessibility to yields. Its core is the Smart Stability System (SSS), which offers innovative stablecoin solutions with enhanced scalability.

Golden Finance reported that Slow Mist's Yu Xian stated on platform X, "The Owner of the project party's smart contracts must implement multi-signature; those who hold the keys should only use hardware wallets that support complex signature parsing and have large screens... From generating the mnemonic phrase to usage, everything should be done within the hardware wallet. Adding a Passphrase or using SSS (Shamir's Secret Sharing) for backup makes it more secure... Then, during regular use, stay calm, avoid signing carelessly, and conduct disaster recovery drills; unexpected situations are bound to occur during practice."