Silo Labs updates on the xUSD de-pegging incident: Approximately $2.13 million has been confirmed to have been repaid.

Odaily Planet Daily reports that Silo Labs, a lending protocol project within the Sonic ecosystem, updated its xUSD de-pegging issue on the X platform. To date, confirmed repayments have reached approximately $2.13 million, including approximately $88,169 on the Sonic chain, approximately $556,669 on the Avalanche chain, and approximately $1.49 million on the Arbitrum chain. Previously, the price of Stream Finance's stablecoin xUSD deviated significantly from its target range, impacting on-chain Curated Markets such as Euler, Morpho, and Silo, and causing liquidity issues.