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Solstice Labs Announces Upcoming USX Launch, a Solana-Native Stablecoin Built for Transparent Yield

April 28th, 2025 – Dubai, UAE Backed by Deus X Capital, Solstice will debut USX this summer alongside a native yield protocol launching with over $100M in committed TVL, bringing permissionless delta-neutral returns to Solana from day one. Solstice Labs , an onchain asset manager backed by $1 billion digital asset investment firm Deus X Capital , today announced USX, a stablecoin purpose-built for sustainable yield on Solana. Launching this summer, USX offers permissionless access to a native yield protocol that has over $100 million in committed total value locked (TVL), providing users access to institutional-grade returns through automated delta-neutral trading strategies. Designed for both institutions and everyday users, USX is a synthetic stablecoin optimized for performance on Solana. The USX peg is maintained by the 1:1 collateralization of fiat-backed stablecoins, such as USDC and USDT, and partnerships with some of the biggest market makers and liquidity providers in the industry. Users are able to lock USX into Solstice’s YieldVault to access real-time returns generated through off-chain funding-rate arbitrage and dynamically hedged staking-yield strategies, leveraging a 3-year track record showing 19.2% average over the last 12-months and protected by a dedicated insurance fund. “We’ve seen the same dynamic repeat in crypto: DeFi yields are constantly over-engineered, opaque or reserved for institutional players,” said Ben Nadareski, CEO and Co-Founder of Solstice Labs. “USX is designed at its core to change this by simplifying competitive yields in a transparent and sustainable way. All stablecoin users should have the opportunity to capture the yield that larger protocols keep to themselves while not giving up utility in the base asset. That’s the promise of DeFi, and that’s what we’re building at Solstice.” The Solana Stablecoin for Everyone Solana has quickly emerged as one of the fastest-growing stablecoin ecosystems, expanding its share of stablecoin liquidity from 2.5% to 5.4% in just two months, at the time of publication. But while the chain has become a hub for stablecoin velocity, especially in MEV, arbitrage, and orderbook-style trading, it still lacks a dominant Solana-native stablecoin built for yield. USX is designed to fill that gap, purpose-built for Solana’s low-latency, high-throughput infrastructure. As stablecoin transfer activity increasingly shifts from centralized exchanges to trading-driven DeFi applications, USX positions Solana at the forefront of capturing new onchain capital via yield-native stable assets. USX’s launch is supported by a growing network of infrastructure, security, and liquidity partners to enable off-exchange settlement solutions, expanding the stablecoin’s utility across both centralized and decentralized exchanges. Built by the Team Behind Solstice Staking USX and its protocol are part of the Solstice umbrella, which also includes Solstice Staking AG , after a recent acquisition . Solstice Staking is one of the most trusted staking operations in the industry, currently securing: $1B+ in staked assets 9,000+ validator nodes 100% renewable energy-powered infrastructure 99.99% uptime for institutional reliability With a track record rooted in stability, Solstice is now focused on creating the next evolution of DeFi; one where transparency, performance, and access go hand in hand. Coming Summer 2025 USX will officially launch in Summer 2025, with early access and beta incentives for all users to be announced in the coming weeks. For updates, users can visit https://solsticelabs.io/ or follow @solstice_io . Meet the team this week in Dubai during Token2049 at the Solana Mega Mixer , co-hosted by Solstice Labs and the Solana Superteam. About Solstice Labs Solstice Labs AG , a Deus X Enterprise company, in partnership with the Solstice Foundation is reimagining financial asset management for the onchain era. Solstice’s Protocol leverages a registered approved manager to offer institutional-grade products to investors. Key products include USX, a Solana-native stablecoin alongside Solstice’s YieldVault, a democratized yield-bearing protocol that allows participants to access institutional-grade delta-neutral yields. Bolstering the group’s crypto credentials, Solstice Labs AG also operates Solstice Staking AG, one of the most trusted infrastructure providers in the industry, securing over $1 billion in assets across 9,000+ validator nodes. Users can learn more at https://solsticelabs.io and follow @solstice_io . About Deus X Capital Deus X Capital is a specialist investment and operating company focused on private equity, venture capital, and venture build opportunities in the capital markets, fintech, and digital assets sectors. Deus X has more than $1bn in assets under management and its unique expertise, extensive network, and diverse capabilities to foster lasting value within the financial technology sector. Contact Leslie Termuhlen press@solsticelabs.io This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post Solstice Labs Announces Upcoming USX Launch, a Solana-Native Stablecoin Built for Transparent Yield appeared first on The Daily Hodl . U.Today

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SNEK is available for trading!

We’re thrilled to announce that SNEK is now available for trading on Kraken! Funding and trading SNEK trading will be live as of 15:00 UTC today, Apr 28, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost. Trade on Kraken Here’s some more information about these assets: Snek ( SNEK ) SNEK is a deflationary memecoin on Cardano, created to unite the community and make Web3 accessible through fun and innovation. Rooted in internet culture and fueled by a passionate online following, SNEK serves as a cultural bridge, bringing energy, creativity and inclusivity to the evolving decentralized finance ecosystem. Please note: Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched). Geographic restrictions may apply Get Started with Kraken Will Kraken make more assets available? Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here , and all future tokens will be announced on our Listings Roadmap and social media profiles . Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. The post SNEK is available for trading! appeared first on Kraken Blog . U.Today