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Hex Trust issues native stablecoin USDX on Layer-1 blockchain Flare

Hex Trust issues native stablecoin USDX on Layer-1 blockchain Flare

CointimeCointime2024/05/21 09:28
By:Cointime

Hong Kong-based cryptocurrency custodian Hex Trust announced the issuance of the first native stablecoin USDX on Layer-1 blockchain Flare. USDX also became the first native stablecoin on the Flare blockchain. The stablecoin maintains a 1:1 support ratio with the US dollar or equivalent assets and can be used in lending protocols and exchanges. It also has a dedicated T-Pool pledging mechanism created by decentralized credit market Clearpool.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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