Launched by HT Digital Assets on the Flare Network, the first native stablecoin, USDX, stands out as an important step for decentralized finance (DeFi). USDX is 100% backed by cash and short-term treasury bonds and serves as both a stablecoin and gas token in the Flare ecosystem. Hex Trust CEO Alessio Quaglini states that USDX aims to integrate more with DeFi applications. However, USDX is likely to compete with established stablecoins like USDC and face regulatory hurdles in different jurisdictions. What do you think about the future of USDX? Share in the comments.