Clearpool to Launch Yield Vault for Hex Trust's New Stablecoin USDX on Flare Networks

The new product, a dedicated T-Pool, enables USDX to be staked to earn real-world yield plus bonus $FLR incentives.

Clearpool is launching a dedicated T-Pool for USDX, a new stablecoin by Hex Trust, on the Flare network. This integration will enable USDX to be staked to earn real-world yield, plus bonus FLR incentives.

Stablecoins have become essential for the development of a vibrant DeFi ecosystem. This collaboration brings a 1:1 backed stable asset with immediate access to real world yield on Flare, which will be particularly useful for FAsset agents.

This launch marks Clearpool's expansion to its seventh blockchain. Clearpool is the leading borrowing and lending dApp active on the top EVM-compatible chains. Launching a custom T-Pool for USDX on Flare is great for both everyday users and FAssets agents.

The launch of Hex Trust's first native stablecoin, USDX, on the Flare network, in collaboration with Clearpool, is a pivotal evolution in stablecoins. Powered by Hex Trust’s tokenization ecosystem, HT Digital Assets, USDX bridges the gap between traditional financial security and blockchain innovation. It promises to reduce cryptocurrency market volatility, streamline transactions, and enhance trust and security within the digital asset ecosystem.

Backed by leading investors such as Sequoia Capital, HashKey Capital, and Arrington Capital, Clearpool is a premier decentralized finance credit marketplace. Since its launch in March 2022, Clearpool has originated over $529 million in loans and has attracted a user base that spans both the crypto and traditional finance sectors, including Wintermute, Jane Street, Fasanara Digital, and CoinShares.

Founded in 2018, Hex Trust is a fully licensed digital asset custodian, providing services to protocols, foundations, financial institutions, and the web3 ecosystem. Hex Trust offers custody, DeFi, brokerage, and other services built on a regulated infrastructure.

Meanwhile, Flare is an EVM smart contract platform designed to support data-intensive use cases, such as Machine Learning/AI, RWA tokenization, gaming, and social applications. With decentralized, enshrined oracles secured at the network layer, Flare is optimized for decentralized data acquisition, including price and time series data, blockchain event and state data, and web2 API data. By providing developers with trustless access to a broad range of data at minimal cost, Flare expands blockchain utility and fosters the development of innovative use cases.