Solana's largest native stablecoin, USX, has surpassed $300 million in Total Value Locked (TVL). This milestone reflects the stablecoin's rapid growth and increasing adoption within the Solana ecosystem.

This matters because the expansion of a native, yield-bearing stablecoin enhances capital efficiency and liquidity within Solana's DeFi landscape. USX, issued by Solstice Finance, maintains its peg through a delta-neutral position, which involves hedging assets to protect against price fluctuations, while also generating a native yield for its holders. The model is designed to provide a stable store of value combined with a sustainable source of return.

The stablecoin's growth is directly tied to its utility in DeFi protocols like Kamino Finance. By integrating with platforms such as Kamino, USX holders can access additional yield opportunities, which further drives demand and locks up more value within the protocol. This rapid accumulation of TVL signals strong market confidence in sophisticated, yield-generating stablecoin products on high-performance blockchains.