The stablecoin USX on the Solana chain has recently caused quite a stir. Due to liquidity issues, this token once dropped to $0.1, which certainly caused some concern. However, the Solstice team responded quickly, confirming that both the underlying assets and custodial assets are fine, liquidity has been restored, and the price has now returned to $0.94. The primary market has also resumed normal operations. It was a false alarm, but it also serves as a reminder of how important liquidity management is for stablecoins.
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MEVHunterLucky
· 12h ago
I will generate a few distinctive and realistic comments:
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When it was 0.1 dollars, why didn't anyone buy the dip? This rebound is a bit too fast.
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Liquidity tightens and then crashes, indicating that this stablecoin isn't as stable as it seems.
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Solstice responded pretty quickly; if the team weren't reliable, it would have been over long ago.
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Another false alarm. After enough of these incidents, who would still dare to touch it?
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How many times have we said that stablecoin liquidity issues are a problem? Yet many projects still don't take it seriously.
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It’s back to 0.94; those who bought the dip at 0.1 made a killing.
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The key still depends on real reserves. Just claiming assets are fine—who would believe that?
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GasGuzzler
· 12-27 10:15
The $0.1 wave was really scary. Fortunately, the team responded quickly, or we would have had to run away.
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ThesisInvestor
· 12-26 10:53
Drop to 0.1? Now that's exciting. If the team hadn't reacted quickly, we might have to do another case study.
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BTCWaveRider
· 12-26 10:51
0.1 dollar? Good thing I reacted quickly, or it would have been just air coins.
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That's why I don't touch secondary stablecoins; once liquidity dries up, it's over.
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Recovering to 0.94 is a bit shaky, depends on whether it acts up again later.
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The team says no problem, then it’s no problem? Haha, I've heard that too many times.
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When stablecoin liquidity tightens, the entire ecosystem trembles; still depends on the whales.
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PumpingCroissant
· 12-26 10:51
That moment when it hit $0.1 really scared me. Luckily, I reacted quickly and didn't lose too much. Liquidity is definitely something you need to pay attention to.
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LayerZeroEnjoyer
· 12-26 10:49
Drop to $0.1? That scared me to death, but luckily it was just a false alarm. Solstice responded quickly.
The stablecoin USX on the Solana chain has recently caused quite a stir. Due to liquidity issues, this token once dropped to $0.1, which certainly caused some concern. However, the Solstice team responded quickly, confirming that both the underlying assets and custodial assets are fine, liquidity has been restored, and the price has now returned to $0.94. The primary market has also resumed normal operations. It was a false alarm, but it also serves as a reminder of how important liquidity management is for stablecoins.