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