Odaily Planet Daily reports that Solstice has released an update on the USX de-pegging event on the Solana chain via the X platform. The update states that USX is recovering after fluctuations, liquidity has been injected, collateral is sufficient and intact, and USX is neither an algorithmic stablecoin nor a reset benchmark token. Previously, selling pressure from Orca and Raydium exceeded available liquidity, causing the secondary market price to fall. Solstice will continue to add liquidity as needed to ensure market stability, with eUSX and YieldVault unaffected. Assets held by Solstice are unaffected, with collateralization ratios exceeding 100%. A third-party certification report has been requested immediately for further verification.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Foundation Partners Triton One to Redesign Onchain Data Layer as SOL Gains 3%
The Solana Foundation is collaborating with Triton One to enhance its on-chain data access layer, improving scalability and data retrieval. The redesign features two core modules: Accounts for adaptive indexing and Ledger for efficient historical data management. SOL is currently trading around $84.
GateNews7h ago
Fed Chair Nominee Kevin Warsh Discloses Crypto Investments Including Compound, Solana, and Ethereum L2s
Kevin Warsh, nominee for Federal Reserve Chair, has disclosed early-stage investments in various crypto infrastructure projects, including DeFi and layer-2 networks. His portfolio, small and illiquid, suggests indirect venture capital exposure rather than direct trading assets.
GateNews12h ago
