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Wayne Jones

Solana’s USX Stablecoin Crashes to $0.10 on 26 December Before Liquidity Injection Restores Peg

On December 26, the USX stablecoin on Solana sharply lost its dollar peg, plunging to $0.10 amid a severe liquidity shortage before recovering. Developer Solstice said the depeg was confined to secondary markets and that backing reserves stayed fully collateralized with 1:1 redemptions still available, as the price later rebounded close to $1.00 after market makers added liquidity.
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