Hex Trust Issues First Native Stablecoin on Layer-1 Blockchain Flare
Briefly

from Coindesk10 months ago
USDX becomes the first stablecoin on Flare blockchain backed 1:1 to USD/equivalents, offering staking rewards in cUSDX for DeFi use.
Coindeskhttps://www.coindesk.com/business/2024/05/21/hex-trust-issues-first-native-stablecoin-on-layer-1-blockchain-flare/
Collaboration with Clearpool brings real-world yield to stable asset, useful for FAsset agents with locked collateral.
Coindeskhttps://www.coindesk.com/business/2024/05/21/hex-trust-issues-first-native-stablecoin-on-layer-1-blockchain-flare/
USDX launch aimed to reduce crypto market volatility and streamline transactions, backed by $35M funding and $8M TVL in Flare blockchain.
Coindeskhttps://www.coindesk.com/business/2024/05/21/hex-trust-issues-first-native-stablecoin-on-layer-1-blockchain-flare/
Read at Coindesk
#usdx #flare-blockchain #defi #stablecoin #cryptocurrency-market
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