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The Solana ecosystem stablecoin crisis was temporarily triggered: USX briefly de-pegged, but regained stability after liquidity support
**Market Turbulence Emerges**
Recently, the on-chain stablecoin USX on Solana faced a short-term de-pegging risk, with its trading price in the secondary market dropping to $0.10, deviating more than 90% from its $1 peg. This abnormal fluctuation drew attention on the chain, as the price stability of stablecoins is crucial for the normal operation of the ecosystem.
**Liquidity Support Takes Effect**
Fortunately, the market responded quickly. Solstice intervened in a timely manner by injecting sufficient liquidity, effectively alleviating USX's liquidity pressure. Following this remedial action, USX's price gradually stabilized, eventually recovering to around $0.94, returning to a reasonable level.
**Market Insights**
This incident serves as a reminder to ecosystem participants that the security of stablecoins and adequate liquidity guarantees are vital for maintaining ecosystem health. The rapid recovery of USX also reflects the resilience and responsiveness of the Solana community.