Hex Trust Unveils USDX Stablecoin on Flare with Clearpool Partnership
Hex Trust launches USDX stablecoin on Flare, offering real-world yields through Clearpool partnership
Hex Trust Group, a leading digital asset custodian with billions in assets under management, has unveiled USDX, the first native stablecoin for the Flare blockchain, according to the information shared with Finbold on May 21.
USDX, the critical DeFI asset on Flare
USDX is a product of HT Digital Assets, Hex Trust’s tokenization ecosystem, and serves as the key DeFi asset on Flare. Its value is backed by US dollar equivalents, primarily 1–3 month Treasury Bills, securely held by regulated tier-1 financial institutions, ensuring reliability and trustworthiness.
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The introduction of USDX on Flare is expected to reduce crypto market volatility, streamline transactions, and enhance overall security. As more Flare-native projects adopt USDX, its utility will expand, offering new opportunities for users to earn returns on their digital assets.
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