Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Trump and Wall Street: How long will the love affair last?

Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.

Cryptopolitan2024/11/24 03:44