

LJ
3.4K posts

@LJonBTC
ETH maximalist, Bitcoin enthusiast. Chart addict












We are aware of some major volatility in the secondary market for USX tonight. The Solstice team can confirm the underlying NAV and the custodied assets backing USX on the Solstice side remain entirely unaffected and >100% collateralized. We have requested an immediate and additional third-party attestation report that the team will post once available. This is purely a secondary market liquidity issue that both the Solstice team and our market makers are addressing immediately. We will continue to inject liquidity into the secondary markets to ensure stability. 1:1 redemptions in the primary market remain fully available. The key point currently is that Solstice internally remains unaffected and this is purely a secondary market dynamic.


