Flare Network's USDX stablecoin is seeking to introduce treasury yields into the world of decentralized finance (DeFi), potentially bringing more stability to the sector. This move is part of a larger trend to make DeFi more economically sustainable.
The introduction of treasury-linked stablecoins like USDX may challenge other stablecoins such as USDC, which have dominated the market due to their established economic utility.
Flare Network hopes that the added benefit of treasury yields will attract users looking for both stability and profitability in the volatile crypto market. This development could lead to a significant shift in how stablecoins operate within DeFi.
