USX Stablecoin on Solana Recovers After Brief Drop to $0.10

Solstice issued an official update confirming USX’s recovery from its recent Solana market depeg following a liquidity injection. Collateralization remains above 100%, ensuring the stablecoin’s backing. The update clarified that USX is neither algorithmic nor rebasing, and related products eUSX and YieldVault were unaffected. Sell pressure on Orca and Raydium exceeded available liquidity during the event. A third-party certification report has been requested to verify collateral sufficiency.

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