Nexus to Launch Revenue-Sharing USDX Stablecoin

Upcoming Layer 1 blockchain Nexus has unveiled its native rewards stablecoin, USDX.

USDX will serve as the Nexus ecosystem’s native dollar and will implement a Global Yield Distribution System (GYDS), under which applications that hold USDX earn a share of protocol revenue based on their users’ USDX holdings.

The design is intended to provide yield as a revenue stream for the ecosystem’s application layer, incentivizing each underlying protocol to integrate USDX.

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