Solstice Labs Launches USX: Solana-Native Yield-Bearing Stablecoin Backed by Deus X Capital
Solstice Labs, supported by Deus X Capital, is set to launch USX, an interest-bearing synthetic stablecoin native to the Solana blockchain, in summer 2025. USX will be fully collateralized 1:1 with major fiat-backed stablecoins such as USDT and USDC, ensuring price stability. At launch, USX will have over $100 million in committed total value locked (TVL). The stablecoin aims to provide sustainable, transparent yields through Solstice’s YieldVault, leveraging delta-neutral trading and off-chain arbitrage strategies with real-time returns. Solstice Labs, with a three-year proven track record and a 19.2% average annual yield over the past year, is bringing institution-grade DeFi yields to both retail and institutional users. The launch aims to fill the lack of yield-focused, fiat-pegged stablecoins in Solana’s fast-growing ecosystem, which now accounts for over 5% of the global stablecoin supply. USX will benefit from infrastructure, security, and liquidity partnerships, expanding its utility across both decentralized and centralized exchanges. Early access and incentive programs for traders and investors are expected soon, positioning USX as a significant new option for stablecoin traders and yield strategies on Solana.
Bullish
The introduction of USX, an interest-bearing synthetic stablecoin fully backed by USDT and USDC, addresses a clear gap in the Solana ecosystem for passive-yield stablecoins. The product’s institutional backing, significant $100M TVL at launch, and integration of proven yield strategies are likely to attract both retail and professional capital. This influx may bolster demand for SOL and related DeFi protocols, driving increased ecosystem activity and liquidity. Similar stablecoin innovations in other blockchains have historically led to positive price action and trader engagement, suggesting a bullish short-term and long-term outlook for Solana and its DeFi sector.