First institutional stablecoin-for-stablecoin repo on a public blockchain settled and serviced on Membrane. The transaction marks the creation of a standardized, institutional-grade stablecoin funding market that brings familiar TradFi liquidity tools directly onto public blockchain rails. This structure represents the first time a native stablecoin has served as the asset leg in an institutional repo. Solstice posted its native stablecoin, USX, as the asset leg, while Cor Prime provided USDC as the cash leg.


Membranelabs •