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Solana Stablecoin USX Briefly Loses Peg After Liquidity Crunch
Pulse of the market
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USX, a Solana-native US dollar stablecoin, briefly depegged early Friday after heavy sell pressure overwhelmed liquidity on decentralized exchanges like Orca and Raydium. The price drop prompted issuer Solstice Finance to step in with emergency liquidity support.
Blockchain security monitor PeckShieldAlert reported isolated trades that pushed USX as low as $0.10 during a period of extremely thin liquidity. Aggregated data paints a milder picture, with most trading volume showing a dip to around $0.80 before prices rebounded.
Solstice said it began injecting liquidity around 04:30 UTC, helping USX stabilize near its $1 peg.
