EXMO's USDX Price Fluctuation Due to Market Dynamics and Limited Liquidity

The core reasoning behind the actions during that period is explained in the news at https://info.exmo.me/ru/uvedomleniya/otvechaem-na-vashi-voprosy-po-usdx/. In brief, the exchange could no longer operate normally with USD but aimed to retain it for users and shield itself amidst turbulent conditions. Currently, the discrepancy between the USDX rate and USDT is driven by market mechanisms, with a lack of sufficient liquidity and a significant imbalance between supply and demand. As observed, EXMO does not manually regulate the USDX rate; it is currently free-floating, determined by user transactions. This was the platform's choice given the circumstances. Nonetheless, the exchange has taken and continues to consider measures to stabilize the rate, though no specific timeline for adjustments has been set. While I understand the frustration, this is the current situation.