USX

USX Price

About USX (USX)

• USX is a Solana-native overcollateralized stablecoin designed to serve as a foundational settlement layer for institutional and retail decentralized finance (DeFi) applications.
• The asset is backed 1:1 by a diversified reserve including audited cash, tokenized Treasuries, and delta-neutral hedged positions.
• USX integrates directly with the Solstice ecosystem, enabling users to access institutional-grade yield strategies through a single surface asset.

What Is USX

USX is a digital representation of the US Dollar built on the Solana blockchain. It functions as the primary settlement asset for Solstice Finance, a protocol that abstracts the complexity of institutional trading strategies into accessible onchain products. Value moves through the system as USX is utilized for trading, lending, and as the entry point for yield-generating vaults.

The token is designed to "work" by acting as the collateral base for the broader Solstice ecosystem. When users hold USX, they can deploy it into specialized vaults such as eUSX, which utilizes delta-neutral arbitrage and funding rate capture to generate returns. This structure allows USX to scale as a core liquidity layer for the Solana network, supporting everything from payment processing to complex financial derivatives.

What Makes USX Unique

• Institutional Heritage: Backed by Deus X Capital, an institutional investor with over $1 billion in assets under management, USX is built with enterprise-grade standards.
• Diversified Backing: Unlike stablecoins backed solely by cash or single assets, USX utilizes a mix of cash, tokenized real-world assets like US Treasuries, and market-neutral trading positions.
• Accountable Proof of Solvency: The protocol employs continuous reserve verification to ensure that all circulating USX remains fully collateralized.
• Proven Track Record: Solstice, the protocol behind USX, reports a three-year history of managing delta-neutral strategies with consistent positive performance.

What Can You Use USX for?

USX is pegged to the US Dollar. Drawing on its design as a Solana-native stablecoin, it supports the following use cases:

1. Value retention: USX provides users with a digital, onchain representation of the US Dollar, allowing them to maintain value within the crypto ecosystem while reducing exposure to the volatility of non-pegged assets.
2. Yield generation: Users can deposit USX into YieldVault to receive eUSX, a yield-bearing token that earns returns from delta-neutral arbitrage and basis trading. The protocol also supports structured credit through tokenized instruments like US Treasuries as mentioned in the reserve composition.
3. Cross-border settlement / value transfer: Leveraging Solana's high-speed infrastructure, USX enables near-instant international remittances and frictionless cross-border transfers of US Dollar value for both retail and institutional entities.
4. Collateralization: USX serves as a primary liquidity layer and collateral asset for decentralized lending protocols, borrowing platforms, and margin trading on various Solana-based decentralized exchanges.

How Does USX Work?

USX operates through a mechanism of over-collateralization. Users can mint USX by depositing established stablecoins like USDC or USDT into the protocol. These deposits are then managed within a diversified reserve that includes cash and yield-generating instruments. The protocol maintains its peg through a combination of 1:1 asset backing and algorithmic adjustments based on multi-oracle pricing.

As an application utility token on the Solana network, USX transactions require SOL to pay for network gas. The USX token itself does not function as a network fee asset but is subject to protocol service fees during certain minting or redemption processes. The underlying architecture relies on Solana’s Proof of Stake consensus mechanism to ensure transaction finality and security.

Team Info and Investors

USX is developed by Solstice Finance, a company within the Deus X Capital portfolio. Deus X Capital is a $1 billion institutional investor that actively deploys capital and builds infrastructure within the Solstice ecosystem. The project’s smart contracts have undergone multiple audits by security firms including Halborn and Sep2, while financial reviews are conducted by Richie May.

Where can you buy USX?

USX tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade USX is Orca, where the most active trading pair USX/USDC has a trading volume of $1,403,687.59 in the last 24 hours. Other popular options include Raydium (CLMM) and Manifest.

What is the daily trading volume of USX (USX)?

The trading volume of USX (USX) is $4,002,717.02 in the last 24 hours, representing a 320.50% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for USX (USX)?

USX (USX) reached an all-time high of $1.04 and an all-time low of $0.8285. It’s now trading -3.70% below that peak and 20.60% above its lowest price.

What is the market cap of USX (USX)?

Market capitalization of USX (USX) is $505,351,152 and is ranked #102 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USX tokens (510 Million tokens are tradable on the market today).

What is the fully diluted valuation of USX (USX)?

The fully diluted valuation (FDV) of USX (USX) is $505,351,152. This is a statistical representation of the maximum market cap, assuming total number of 510 Million ETH tokens are in circulation today.

How does the price performance of USX compare against its peers?

With a price increase of 0.00% in the last 7 days, USX (USX) is outperforming the global cryptocurrency market which is down -5.40%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.10%.