USX Stablecoin Stabilizes After Brief Depeg Triggered by DEX Sell Pressure

USX briefly depegs on Solana DEXs before liquidity support restores price

The USX stablecoin briefly slipped below its dollar peg on Solana DEXs before recovering after its issuer injected liquidity into secondary markets.

Stablecoin USX Briefly Loses Peg After Liquidity Crunch on DEXs

What Happened to USX on Solana? USX, a Solana-native stablecoin pegged to the US dollar, briefly traded well below $1 on decentralized exchanges early Friday after sell pressure overwhelmed available liquidity on Orca and Raydium. The drop occurred during a period of thin market depth, allowing isolated trades to push prices sharply lower before liquidity providers stepped in. Data shared by blockchain security account PeckShieldAlert showed USX…

Solstice Finance stabilizes USX price after temporary depeg on Solana DEXs - The Cryptocurrency Post

The USX stablecoin, native to the Solstice ecosystem, experienced a momentary loss of its dollar peg during Friday’s trading session. The incident occurred following heavy selling pressure that overwhelmed the available liquidity on the Orca and Raydium protocols. According to the official Solstice Finance team, the asset regained its value thanks to a strategic injection of liquidity into secondary markets. The token issuer confirmed that USX r…

USX Stablecoin Stabilizes After Brief Depeg Triggered by DEX Sell Pressure

USX briefly depegged on Solana after sell pressure hit Orca and Raydium. Issuer Solstice injected liquidity and said reserves remained overcollateralized.

Solana Synthetic Stablecoin USX Plunges to $0.92 Amid Liquidity Crunch

Key Takeaways: USX, a rising synthetic stablecoin on Solana, lost its peg and fell to approximately $0.92 following a wave of heavy selling on secondary markets. Solstice Finance maintains that the asset backing (NAV) is unaffected and that 1:1 redemptions against collateral remain fully operational. The incident is attributed to a localized liquidity shock where sell pressure outpaced the speed at which arbitrageurs could rebalance the pool. T…