$USDX

The Hex Trust Group, a leading digital asset custodian managing billions in assets has launched the first native stablecoin on the blockchain for data, Flare. Brought to life by HT Digital Assets, Hex Trust's tokenization ecosystem, $USDX emerges as a beacon of stability and trust, offering a stablecoin as a crucial asset in the growth of the cryptocurrency industry. Hex Trust offers a range of prime brokerage services, including custody, ancillary services, trading, and asset management with over $5 billion in assets under custody and over 270 clients onboarded.

At the heart of USDX's reliability is its solid backing, maintained at a steadfast 1:1 ratio against the U.S. dollar or equivalently valued assets. These reserves, primarily consisting of 1-3 month T-Bills, are securely held within the confines of global, tier-1 financial institutions, ensuring that USDX holders can place their trust in the stablecoin's value and resilience. Users receive USDX on a 1:1 basis when stablecoins such as USDT or USDC are bridged to Ozean. $USDX Use Cases:

• Custom Gas Token

  • To further simplify the user experience, the stablecoin, $USDX, will serve as the chain’s native gas token, eliminating the need for additional $ETH/gas tokens in users’ wallets. When users deposit $USDC or $USDT into Ozean, they will receive the gas token $USDX at a 1:1 ratio.

• Rebasing Real Yield

  • $USDX can be locked for $ozUSD that is natively rebasing and earning treasury yield (currently ~5%). $ozUSD rebases daily, keeping the value at 1:1 USD

• Lending and Borrowing

  • $USDX can be borrowed and lent out depending upon user needs