Techub News reports that Solana ecosystem DeFi protocol Solstice tweeted that the secondary market for the stablecoin USX will experience significant fluctuations, but the net asset value of the underlying assets and Solstice custodial assets remain unaffected, with a collateralization ratio exceeding 100%. The team has requested a third-party to immediately provide an additional certification report, which will be released as soon as it is completed. Solstice stated that this is purely a liquidity issue in the secondary market, and the team and market makers are taking immediate steps to address it. They will continue injecting liquidity into the secondary market to ensure market stability. The 1:1 redemption in the primary market remains fully available.
According to PeckShield monitoring, the stablecoin USX briefly de-pegged and, due to liquidity exhaustion, dropped to $0.10 in the secondary market. After liquidity was injected by Solstice, the exchange rate subsequently recovered to $0.94.
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