Hex Trust Issues First Native Stablecoin on Layer-1 Blockchain Flare

Hex Trust Issues First Native Stablecoin on Layer-1 Blockchain Flare

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Source: Coindesk.com

USDX stakers will receive a real-world yield and cUSDX in return. The stablecoin is backed at a 1:1 ratio against the dollar or equivalently valued assets. Flare’s native token (FLR) rose by 2.4% following the announcement. Why

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The post "Hex Trust Issues First Native Stablecoin on Layer-1 Blockchain Flare" appeared first here Coindesk.com.

Source: Coindesk.com

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