Solstice Finance launches USX stablecoin and YieldVault on Solana with $160M TVL
Solstice Finance, a decentralized finance (DeFi) protocol backed by the $1 billion digital asset firm Deus X Capital, has its Solana-native stablecoin, USX, alongside its flagship YieldVault program.
USX is a synthetic stablecoin backed 1:1 by stable collateral, with reserves verified in real time through Chainlink’s Proof of Reserves. The product aims to close liquidity and yield gaps in Solana’s DeFi ecosystem by combining stability with institutional-grade returns.
YieldVault operates with delta-neutral strategies and has posted a 13.96% internal rate of return (IRR), recording no negative months since inception. The program went live with $160 million in total value locked (TVL), highlighting investor confidence ahead of launch.
Ben Nadareski, CEO and co-founder of Solstice, explained:
“We built USX to address this market gap on day one—a stablecoin that preserves frictionless transaction benefits while offering institutional-grade yields native to the protocol.”
Holders can lock USX into the protocol to mint eUSX, a derivative token that reflects their share of the yield-generating fund.
The initiative is supported by crypto and traditional finance veterans with experience at Solana Labs, Coinbase, and BlackRock. Institutional backers include Galaxy Digital and BTC Suisse, while USX integrates to facilitate seamless cross-chain transfers.
The launch reflects growing institutional appetite for Solana’s DeFi infrastructure. Solstice has also announced plans to release a utility token, SLX, through a community-first distribution model designed to align incentives between the protocol and its users.
Lily Liu, president of the Solana Foundation, added:
“Solstice is driving real, sustainable onchain revenues within the Solana ecosystem. The launch of USX and YieldVault unlocks new opportunities for builders, users, and investors.”
Solana’s Expanding Role in Stablecoins
Solana has established itself as a preferred blockchain for stablecoin projects, attracting both private and state-backed issuers.
Earlier this year, —supported by Donald Trump—launched its USD1 stablecoin on Solana, a move widely viewn as reinforcing the network’s influence. USD1 has since grown into the fifth-largest stablecoin, reaching a market capitalization of $2.68 billion, according to CoinMarketCap.
, adding to the rising international interest in the network’s efficiency and scalability for financial instruments.
Despite these developments, Solana’s native token (SOL) showed muted price action following Solstice’s launch, slipping 1.98% with daily trading volume easing to $6.55 billion.
