Solstice Labs to Introduce USX, a Stablecoin on Solana Network, Aiming for Transparent Returns
Cryptocurrency Updates: Summer's Hot Ticket—USX, Solana's Yield-Generating Stablecoin
Get ready to dive into the world of DeFi with USX, the anticipated yield-bearing stablecoin on Solana, backed by the mighty Deus X Capital fund!
USX: The Stablecoin Revolution
Solstice Labs, an asset management powerhouse backed by a whopping $1 billion in digital asset investments (Deus X Capital), is behind the creation of USX—a stablecoin destined to deliver sustainable yield on the lightning-fast Solana network. It's all set to drop this summer, complete with a native yield protocol boasting over $100 million already committed for Total Value Locked (TVL).
Stablecoin Gone Wild
USX is the dynamic duo of stability and performance, catering to both large-scale institutions and everyday users. This synthetic stablecoin was engineered for optimal performance on Solana and has a stable peg, thanks to the smart collateralization of various fiat-backed stablecoins (like USDC and USDT) and strategic partnerships with leading market makers and liquidity providers.
With USX, users can simply lock their coins into Solstice's YieldVault, unlocking the real-time returns from off-chain funding-rate arbitrage and dynamically hedged staking-yield strategies. This innovative approach leverages a powerful 3-year track record, displaying an average return of 19.2% over the last 12 months, and boasts a protective insurance fund to ensure user capital.
Infinite Opportunities with USX
Ben Nadareski, CEO and co-founder of Solstice Labs, explains, "DeFi yields have been needlessly over-complicated, murky, or reserved for the big guys. USX is designed to transform this by presenting competitive returns in a clear and sustainable manner. Everyone deserves a piece of the yield pie without sacrificing their asset's utility. That's the essence of DeFi, and that's what we're building at Solstice."
The Solana Stablecoin's Moment of Glory
Solana has been steadily claiming its stake as a burgeoning stablecoin ecosystem, expanding its share of stablecoin liquidity from 2.5% to 5.4% in just a couple of months. Despite Solana's rapid growth in stablecoin velocity for MEV, arbitrage, and orderbook-style trading, there has yet to emerge a dominant Solana-native stablecoin dedicated to yield.
And therein lies the role of USX—purpose-built and primed to fill this gap, taking advantage of Solana's low-latency, high-throughput infrastructure. As the move towards onchain stablecoin activity increases, particularly in trading-driven DeFi applications, USX places Solana at the forefront of capturing new capital through yield-native stable assets.
Infrastructure, Security, and Liquidity
USX's launch is supported by an expanding network of infrastructure, security, and liquidity partners, further reinforcing its versatility across centralized and decentralized exchanges.
The Power Behind USX
USX and its protocol fall under the Solstice umbrella, which also encompasses Solstice Staking AG, a trusted industry leader securing $1 billion+ in staked assets, 9,000+ validator nodes, 100% renewable infrastructure, and a remarkable 99.99% uptime for rock-solid reliability.
Buckle Up for the USX Launch
Excited? You should be! USX is set to launch this summer, offering early access and beta incentives for everyone. Be sure to visit solsticelabs.io or follow @solstice_io for updates. Join the action at the upcoming Solana Mega Mixer in Dubai during Token2049, co-hosted by Solstice Labs and the Solana Superteam. Get ready for a roaring DeFi experience with USX!
About Solstice Labs
Solstice Labs AG, a Deus X Enterprise company, and Solstice Foundation collaborate to reinvent financial asset management in the onchain era. Solstice's Protocol brings institutional-grade products to investors by leveraging a registered approved manager. Featured products include USX, a Solana-native stablecoin, and Solstice's YieldVault, a democratized yield-bearing protocol providing users with access to institutional-grade delta-neutral yields.
Adding a dash of crypto credibility to the mix, Solstice Labs AG also manages Solstice Staking AG—one of the most trusted infrastructure providers in the industry, securing over $1 billion in assets across 9,000+ validator nodes.
Join the adventure at solsticelabs.io and follow @solstice_io to stay updated.
About Deus X Capital
Deus X Capital is a specialist investment and operating company, delving into private equity, venture capital, and venture build opportunities in the capital markets, fintech, and digital assets sectors. With over $1 billion in assets under management and unparalleled expertise, extensive networks, and diverse capabilities, Deus X Capital is poised to create lasting value within the financial technology sector.
Media Contact:Leslie Termuhlen
[email protected]
Disclaimer:This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services.
- By 2025, Solstice Labs intends to enable financial investing through the use of technology by launching USX, a yield-bearing stablecoin on the Solana network that they have developed.
- Solstice Labs partnered with Deus X Capital, a company with $1 billion in digital asset investments, to create USX, a stablecoin intended to generate sustainable yield and maintain stability on the Solana network.
- In addition to strategic partnerships with leading market makers and liquidity providers, USX is collateralized with various fiat-backed stablecoins like USDC and USDT to maintain a stable peg.
- Investors can lock their coins into Solstice's YieldVault, a native protocol developed for USX, to gain real-time returns from off-chain funding-rate arbitrage and dynamically hedged staking-yield strategies, with an average return of 19.2% over the last 12 months.
- Solana's ongoing growth and potential for stablecoin adoption make it an attractive platform for USX, a Solana-native stablecoin focused on yield, which aims to capture new capital as Solana expands its share of stablecoin liquidity.
