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The stablecoin USX on the Solana chain recently experienced a liquidity crisis. After a large amount of liquidity was withdrawn, USX instantly depegged in the secondary market, with the price dropping to $0.1 at one point, causing holders to break out in cold sweat. The good news is that the crisis did not last too long. After SolsticeFi injected liquidity in a timely manner, the price of USX gradually recovered and eventually stabilized around $0.94, essentially returning to its normal peg. This incident also serves as a reminder to investors — the depth of liquidity for stablecoins is crucial to their price stability. Even on high-speed blockchains like Solana, liquidity depletion can trigger chain reactions in an instant.