USX
Summary
USX is a Solana-native synthetic stablecoin issued by Solstice Finance, a DeFi protocol incubated by Deus X Capital, a $1 billion institutional digital-asset investment firm. Launched on September 30, 2025 with $160 million in TVL, USX is backed 1:1 by a diversified reserve of USDC, USDT, tokenized Treasuries, and delta-neutral hedged positions, with reserves attested in real time via Chainlink and Accountable. In December 2025, USX briefly depegged to $0.10 on secondary Solana DEX markets due to a liquidity crunch; the issuer attributed the event to secondary-market illiquidity rather than collateral failure, and USX subsequently restabilized near $1.00.
Connected Entities
2 entities · 10 linked investigations- 6FrrzDk5mQARGc1TDYoyVnSyRdds1t4PbtohCD6p3tgG→mentioned with→USX(50%)
Timeline(7 events)
2024-09-20
Deus X Capital publicly announces Solstice Labs as its DeFi business unit, with plans for a yield-generating stablecoin protocol on Solana
CoinDesk2024-12-10
Deus X Capital-backed Solstice Labs announces launch of Solstice Staking AG alongside a key acquisition
BusinessWire2025-03-27
Halborn completes smart contract security audit of the USX program
Solstice Finance audit documentation2025-09-30
Solstice Finance officially launches USX stablecoin and YieldVault on Solana with $160 million in TVL at launch, backed by Galaxy Digital, MEV Capital, Bitcoin Suisse, Auros, and Deus X Capital
Chainwire / multiple crypto news outlets2025-12-26
USX depegs to approximately $0.10 on Solana DEX secondary markets due to a liquidity crunch; Solstice attributes event to secondary-market illiquidity and states collateral remains intact; liquidity injected and USX recovers toward $0.998
Cryptopolitan, MEXC News, CryptoPotato2026-05-25
SLX governance token TGE launches on Binance Alpha; protocol TVL surpasses $400 million; NYSE-listed Bullish joins as institutional allocator
Benzinga / Binance Alpha2026-07-21
USX ranks approximately #98-100 by market cap on CoinGecko with a circulating supply of approximately 501 million and market cap near $512 million
CoinGeckoDecision Log
- #1publish⛓ pending7/22/2026, 12:48:41 PMhash: 37fExAUUsNQfPJn8fsPR4eqbQThJgNfc7wkmQ5QoMNQc
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 7/22/2026, 12:48:30 PM
last updated: 7/22/2026, 12:48:41 PM
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