Zebec Network, a blockchain-based payroll and payments platform, has entered into a partnership with Solstice Finance, an institutional yield protocol on Solana. As part of the collaboration, $USX will be integrated into Zebec's payment infrastructure, enabling companies to earn yield on funds reserved in advance for payroll disbursements.
Typically, companies pre-fund accounts for upcoming payouts, leaving this money idle until the designated payment date. Following the integration of $USX, such funds will be able to generate income via the Solstice Finance program. Meanwhile, employees will continue to receive their salaries through Zebec as usual.
$USX can also be received directly into a Zebec debit card. Users will be able to make purchases using the card's balance or withdraw funds to a crypto wallet if needed. For payments, one $USX is accepted as one US dollar.
$USX is issued by Solstice Finance. The token is backed by hedged positions in BTC, ETH, and SOL, stablecoins, and tokenized treasury bonds.
Image: Magnific
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