Summary
- Solstice Labs announced plans to launch the Solana (SOL) based stablecoin USX this summer.
- USX is reported to be a stablecoin designed with the goal of sustainable yield within Solana.
- USX is expected to provide permissionless access to native yield protocols with over $100 million in total value locked.
According to Crypto Briefing, a media specializing in virtual assets (cryptocurrency), Solstice Labs plans to launch a Solana (SOL) based stablecoin USX.
USX is a stablecoin designed with the goal of sustainable yield within Solana, and is scheduled to be launched this summer. It provides permissionless access to native yield protocols with over $100 million in total value locked (TVL).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)