Solstice Finance has launched its USX stablecoin and YieldVault on the Solana blockchain. The USX stablecoin is backed 1:1 by stable collateral and utilizes Chainlink oracles for real-time proof of reserves. The YieldVault offers USX holders the opportunity to lock their tokens for institutional-grade returns, earning eUSX as a representation of their share in the fund's assets. This launch marks a significant development in the Solana ecosystem, highlighting the growing on-chain yield opportunities and intensifying competition in the stablecoin market. Solstice Finance CEO Ben Nadareski emphasized that USX aims to fill the gap for a native Solana stablecoin, offering unique yield opportunities. The company also plans to introduce a native utility token, SLX, with backing from Galaxy Digital and MEV Capital.