Solana Stablecoin USX Temporarily Loses Parity with the Dollar

iconCriptonoticias
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
The Solana-based stablecoin USX briefly fell below $0.92, according to reports, amid liquidity pressure on secondary markets like Orca and Raydium. Solstice Finance clarified the issue was not due to collateral risks. The team added liquidity, and the price rebounded. USX stayed overcollateralized above 100%, with redemptions unaffected. Traders monitoring altcoins to watch may note the event, though the fear and greed index remains a key barometer for market sentiment.
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.