Key Points
- Solstice adopts Chainlink’s CCIP to power cross-chain transactions for USX stablecoin.
- USX stablecoin aims for institutional-grade interoperability with Chainlink’s Data Streams.
- Solstice gains traction with strategic partnerships, including Ceffu, Copper, and Arcanum.
Solstice Finance has announced its strategic collaboration with Chainlink to enhance its ecosystem ahead of the USX stablecoin launch.
The collaboration integrates Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Data Streams to ensure secure, tamper-proof market data and institutional-grade interoperability.
This partnership aims to offer sub-second data delivery and smooth cross-chain transactions for the USX stablecoin, which has already surpassed $150 million in total value locked (TVL).
Ben Nadareski, CEO and Co-Founder of Solstice Labs, expressed confidence in the partnership, stating, “DeFi’s evolution is relentless, and this collaboration represents pioneers shaping today’s market and accelerating adoption.”
Chainlink’s role as the official oracle infrastructure for Solstice provides time-tested, secure services critical to the stablecoin ecosystem. Additionally, Solstice plans to integrate Chainlink’s Proof of Reserve for transparent collateral verification for USX.
Solstice Expands Ecosystem with Key Partnerships for Stablecoin Success
Along with Chainlink, Solstice is collaborating with Ceffu, Copper, and Arcanum to further strengthen its ecosystem.
Ceffu will handle off-exchange settlements via MirrorX, enhancing institutional security. Copper supports off-exchange settlements on centralized exchanges, widening options for institutional investors.
Arcanum will contribute to Solstice’s token design and go-to-market strategy, ensuring a seamless experience for both crypto-native and institutional investors.
Solstice’s flagship stablecoin, USX, is scheduled for launch in September 2025. As the project gains traction, Solstice is positioned as a potential leader in the stablecoin market.
Meanwhile, Chainlink’s LINK token has shown slight volatility in its performance. The current price of LINK is $21.87, reflecting a minor 0.39% decrease over the past hour.
However, the token gained 0.84% over the last 24 hours, showing a modest recovery. Despite the daily rebound, LINK’s 7-day performance shows a decline of 4.78%, indicating ongoing volatility in the market.
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Source: https://coincu.com/news/solstice-adopts-chainlink-ccip-on-solana/
