now stable at $0.998 with full backing above 100% collateralization. USX depeg caused by liquidity evaporation on Solana DEXes, confirmed by PeckShieldAlert as no collateral fault. Solstice [...]
Solstice Finance’s USX Depegs Briefly on Liquidity Crunch, Collateral Reported Intact
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Solstice Finance's USX stablecoin depeg to $0.10 stemmed from secondary market liquidity drain on Solana venues, not collateral issues. Solstice injected liquidity, recovering it to $0.94 rapidly and now stable at $0.998 with full backing above 100% collateralization. USX depeg caused by liquidity evaporation on Solana DEXes, confirmed by PeckShieldAlert as no collateral fault. Solstice [...]