Gate News Bot message, December 31st, according to CoinMarketCap data, as of press time, SOL (Solana) is trading at $125.76, up 2.38% in the past 24 hours, with a high of $129.30 and a low of $119.90. The 24-hour trading volume reached $3.257 billion. The current market capitalization is approximately $70.793 billion, an increase of $1.646 billion from yesterday. ## Important recent news about SOL: 1️⃣ **Ecosystem Infrastructure Upgrade and Stablecoin Ecosystem Optimization** Solana continues to improve its infrastructure layer. The Foundation launched the ConnectorKit wallet connection SDK and Kora fee relayer, supporting features such as fully paid transaction fees and custom fee tokens, significantly lowering user barriers. Circle’s ongoing large-scale USDC burn and re-mint operations on the Solana network reflect ongoing optimization and adjustments in the stablecoin ecosystem. Although USX briefly de-pegged due to insufficient liquidity, it quickly recovered to around $0.94, and effective stabilization was achieved through liquidity injection, demonstrating the ecosystem participants’ ongoing commitment to improving stablecoin infrastructure.

Solstice has updated the token public offering terms, with 100% unlocking of TGE tokens, and users can apply for a full refund within 14 days. The SLX issuance is proceeding as planned and is expected to go live in the first quarter of 2026. Previously, the stablecoin USX temporarily de-pegged due to liquidity issues, but it has now been restored.

Odaily Planet Daily reports that Solstice has released an update on the USX de-pegging event on the Solana chain via the X platform. The update states that USX is recovering after fluctuations, liquidity has been injected, collateral is sufficient and intact, and USX is neither an algorithmic stablecoin nor a reset benchmark token. Previously, selling pressure from Orca and Raydium exceeded available liquidity, causing the secondary market price to fall. Solstice will continue to add liquidity as needed to ensure market stability, with eUSX and YieldVault unaffected. Assets held by Solstice are unaffected, with collateralization ratios exceeding 100%. A third-party certification report has been requested immediately for further verification.

ChainCatcher reports that, according to market sources, the stablecoin USX on the Solana chain experienced a brief depegging, with its secondary market price dropping to $0.1. Subsequently, after Solstice injected liquidity, the USX price has recovered to approximately $0.94.

BlockBeats News, December 17 — The Solana synthetic stablecoin protocol Solstice has selected Ondo's OUSG as collateral for its USX stablecoin. OUSG holds a diversified institutional tokenized US Treasury bond portfolio from some of the most trusted asset management firms worldwide, including BlackRock, Fidelity, Franklin Templeton, State Street, WisdomTree, and Wellington Management.