Clearpool Launches Yield Vault for 1:1 Backed USDX Stablecoin with FLR Incentives

May 21, 2024, 09:07 AM

Clearpool has announced the launch of a yield vault for Hex Trust's new stablecoin USDX on Flare Networks. The dedicated T-Pool allows USDX to be staked to earn real-world yield along with bonus FLR incentives. Hex Trust, a Hong Kong-based digital asset custodian, has issued USDX, which is the first native 1:1 backed USD stablecoin on Flare Networks. In partnership with Clearpool, USDX stakers can earn real-world yield with cUSDX. The partnership between Clearpool, Hex Trust, and Flare Networks aims to provide significant benefits to USDX holders. The launch is also supported by CPOOL.