Wednesday, February 19, 2025

Ozean’s USDX Stablecoin Secures First CEX Listing on BitMart

Share

KEY TAKEAWAYS

  • Ozean’s ecosystem is expanding to enhance blockchain infrastructure for real-world asset yield.
  • USDX, Ozean’s stablecoin and gas token, achieves its first centralized exchange listing on BitMart.
  • Hex Trust, a licensed digital asset custodian, issues USDX and supports over 270 institutional clients.
  • USDX is backed 1:1 with U.S. dollars or equivalent assets, ensuring stability and trust.

Ozean’s ecosystem is rapidly expanding, setting the stage to scale blockchain infrastructure for real-world asset (RWA) yield. A significant milestone has been achieved with USDX, Ozean’s dual-purpose native stablecoin and gas token, securing its first centralized exchange (CEX) listing on BitMart.

This listing is a pivotal step in building liquidity for USDX, a cornerstone asset of the Ozean ecosystem. The stablecoin is issued by Hex Trust, a fully licensed digital asset custodian established in 2018. Hex Trust plays a vital role in the Ozean blockchain, having jointly launched it alongside Clearpool.

Hex Trust supports over 270 institutional clients and has attained over $5 billion in assets under custody. USDX maintains its value through a 1:1 backing with U.S. dollars or equivalently valued assets. These reserves, consisting mainly of 1–3 month Treasury Bills, are securely held within tier-1 global financial institutions. This ensures that users can trust USDX’s stability and resilience.

Users can also receive USDX on a 1:1 basis when bridging stablecoins such as USDT or USDC to Ozean. The BitMart listing, announced here, marks a crucial development in enhancing the accessibility and liquidity of USDX.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

Read more

Related Articles