Hex Trust launches first native stablecoin USDX on Flare blockchain
Hex Trust launches USDX, the first native stablecoin on Flare, backed 1:1 against the US dollar and available for staking. The post Hex Trust launches first native stablecoin USDX on Flare blockchain appeared first on Cr...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Hex Trust launches USDX, the first native stablecoin on Flare, backed 1:1 against the US dollar and available for staking.
The post Hex Trust launches first native stablecoin USDX on Flare blockchain appeared first on Crypto Briefing.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Crypto BriefingRelated market context
$55 million Aave stablecoin pool sees just $4.4 million available for withdrawals
Aave's USDT0 stablecoin lending pool on the Monad network displayed a 6.10% annual percentage rate over the weekend, but only abou...
Ethereum builders face a choice between locking up too much cash or relying on trusted brokers
In a Sept. 8-11 Lido discussion, Commit-Boost contributor Jason Vranek argued that builders funding protocol-backed payments face...
XRP holders could earn new yield, but getting out may take up to 60 days
Firelight is preparing to turn XRP-linked assets into capital that backs protection for DeFi users, offering holders a new source...
XRP’s 30% monthly rebound meets a $4.6 million liquidity trial inside XRPL’s $1.1 billion stablecoin boom
Stablecoins on the XRP Ledger swelled to $1.126 billion as XRP logged a 29.7% monthly rebound, putting the network's value-capture...
BlackRock’s staking Ethereum ETF pays yield but investors still prefer its $9 billion ETHA fund
Staking was supposed to strengthen Ethereum exchange-traded funds (ETFs), but BlackRock’s early results show investors still favor...
Coinbase gives community banks a stablecoin bridge while supplying infrastructure underneath
Coinbase’s new partnership with payments platform Moov gives community banks and credit unions a route to offer stablecoin service...