> For the complete documentation index, see [llms.txt](https://docs.ozean.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ozean.finance/token-utility/usdusdx.md).

# $USDX

The [Hex Trust](https://x.com/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](http://htdigitalassets.com/), 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.\
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$USDX Use Cases:

* Real Yield
  * $USDX can be locked for [$ozUSD](/token-utility/usdozusd.md) that is natively earning treasury yield (currently \~5%).
* Lending and Borrowing
  * $USDX can be borrowed and lent out depending upon user needs