USX briefly depegs on Solana DEXs before liquidity support restores price🪙
USX, a Solana-based dollar-pegged stablecoin, briefly lost its peg due to heavy selling and thin liquidity on decentralized exchanges, with prices dipping sharply before recovering. Issuer Solstice Finance stepped in by adding liquidity, helping USX rebound to around $0.99. The company said reserves remain overcollateralized, redemptions were unaffected, and steps are being taken to strengthen market liquidity and prevent similar incidents.
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