Solstice: USX's decoupling on the Solana chain is a secondary market liquidity issue, and the custodial assets are unaffected

The stablecoin USX on the Solana chain has experienced severe fluctuations in the secondary market, once decoupling and dropping to $0.1, allegedly due to a depletion of liquidity.

The Solstice team responded by stating that the decoupling of USX on the Solana chain is a secondary market liquidity issue. The team and market makers are working to resolve this and are injecting liquidity into the secondary market to ensure market stability. "The net asset value of USX's underlying assets and the assets held in custody by Solstice are completely unaffected, and the collateralization rate exceeds 100%. We have now requested a third party to issue a supplementary certification report immediately, and the team will release it as soon as the report is completed."

The team emphasized that this is purely a secondary market liquidity issue, liquidity has been injected to restore stability, and the current price has risen to $0.94, with the primary market operating normally for 1:1 redemptions.