In a statement posted on X, Solstice stated that the underlying net asset value and custodied assets backing USX remained entirely unaffected and maintained collateralization above 100%. Data flagged by on-chain analytics platforms show that Solstice Finance’s USX, the Solana-based synthetic stablecoin, suffered a depeg that took it down to $0.10, which is a major deviation from the $1 it is meant to maintain.