Solstice and Cor Prime Execute First Institutional Stablecoin-for-Stablecoin Repo on a Public Blockchain
The post Solstice and Cor Prime Execute First Institutional Stablecoin-for-Stablecoin Repo on a Public Blockchain appeared on BitcoinEthereumNews.com.
[PRESS RELEASE – Zug, Switzerland, December 23rd, 2025] The transaction was settled and serviced through Membrane’s post-trade credit infrastructure and executed under a GMRA and Digital Asset Annex, establishing the first standardized stablecoin funding market on public blockchains. Solstice Labs, Cor Prime, and Membrane Labs today announced the successful completion of the first institutional stablecoin-for-stablecoin repurchase agreement (Repo) executed under traditional market documentation and settled on a public blockchain. The transaction marks the creation of a standardized, institutional-grade stablecoin funding market that brings familiar TradFi liquidity tools directly onto public blockchain rails. The repo was executed bilaterally under a Global Master Repurchase Agreement (GMRA) and Digital Asset Annex, with asset and cash legs transferred directly between institutional wallets on Solana and Ethereum. Membrane’s institutional post-trade credit infrastructure provided on-chain settlement, servicing, and lifecycle management, enabling cross-chain movement of assets with full ownership transfer and repo-style unwind. 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. The two legs will unwind at maturity at a price reflecting the agreed-upon repo rate. Unlike smart-contract lending pools, this transaction mirrors the legal, operational, and economic mechanics of traditional repo markets. A New Funding Primitive for Stablecoins Stablecoins vary widely in liquidity, regulatory treatment, and institutional adoption. Until now, issuers and traders have lacked the funding tools used in traditional markets to source liquidity, defend pegs, or access short-term financing without selling inventory. Overcollateralized loans and automated lending pools have been the only available models, neither of which resembles institutional repo structures. By enabling USX to be financed against USDC through a standardized repo, Solstice gains new flexibility in balance sheet management and peg resilience.…
Filed under: News - @ December 23, 2025 3:27 pm