USDX — Ozean’s Native Gas Token and Stablecoin Receives First CEX Listing

Ozean’s ecosystem rapidly expands, setting the stage to scale blockchain infrastructure for real-world asset (RWA) yield. Marking a significant milestone, USDX, Ozean’s dual-purpose native stablecoin and gas token, has secured 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. USDX is issued by Hex Trust, a fully licensed digital asset custodian established in 2018. Hex Trust plays a vital role in the Ozean blockchain, jointly launching 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 T-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.

Discover more about the BitMart listing here: https://support.bitmart.com/hc/en-us/articles/30924405351067--Primary-Listing-BitMart-Will-List-Hex-Trust-USD-USDX-2024-11-18