A rare fluctuation occurred in the on-chain stablecoin of Solana. According to on-chain data monitoring agency PeckShield, on December 26th, the ecosystem's stablecoin USX experienced a brief de-pegging event. The token suddenly fell below its face value in the secondary market, with its price dropping sharply to $0.10, deviating significantly from its $1 target peg, which drew market attention.

Such de-pegging events pose a challenge to the credibility of stablecoins. Fortunately, liquidity provider Solstice acted quickly by injecting market liquidity to stabilize the price. After their intervention, the USX price quickly rebounded, ultimately recovering to $0.94, nearly returning to normal trading levels.

This incident reflects that even in mature blockchain ecosystems, maintaining stablecoin price stability requires multi-party cooperation. Although the recovery price of $0.94 is still slightly below the face value, it indicates that market confidence is gradually restoring. For investors, such sudden events highlight the importance of risk management.