The USX stablecoin on Solana experienced a depeg to $0.1 due to liquidity exhaustion, but later rebounded to $0.94 after liquidity was injected.
PANews, December 26—According to disclosures from PeckShield, the stablecoin USX on Solana experienced a sharp drop in liquidity and briefly fell to $0.1 on the secondary market. After an emergency capital injection by Solstice officials, it has now rebounded to $0.94. The Solstice team emphasized that USX assets remain over 100% collateralized and their net value has not been affected.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Federal Reserve reverse repo operation accepted $20.339 billion
Data: 31.4049 million SKY transferred from an anonymous address, worth approximately $2.1 million
The intraday gain of USD/JPY has expanded to 0.5%, now quoted at 156.66.
New York Silver Futures Soar 7% Intraday, Now Trading at $76.71 Per Ounce
Trending news
MoreCrypto prices
More
