Flare Network – DIGIT INFO

USDX built to support DeFi ecosystem growth: Hex Trust CEO

DIGIT — Mon, 23 Dec 2024 11:06:28 +0000

USDX by Hex Trust integrates DeFi with Flare Network, offering 1:1 USD backing, yield generation and crosschain capabilities.

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Can treasury-linked stablecoins bring stability to DeFi?

DIGIT — Tue, 19 Nov 2024 14:16:19 +0000

Flare Network’s USDX stablecoin introduces treasury yields to DeFi, challenging established players like USDC in terms of economic utility.

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Flare Network Integrates Polyhedra’s ZK Bridge for Enhanced Cross-Chain Security

DIGIT — Tue, 27 Aug 2024 21:10:13 +0000

Flare Network has integrated with Polyhedra’s ZK Bridge, allowing developers to build secure cross-chain applications. This collaboration leverages Layerzero’s interoperability while benefiting from the robust security of zero-knowledge proofs. Flare Network Expands Cross-Chain Security With Polyhedra’s ZK Bridge According to the announcement shared with Bitcoin.com News, the integration of ZK Bridge with Flare enhances cross-chain […]

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Hex Trust to Launch USDX Stablecoin on Flare, Offering Real-World Yield

DIGIT — Tue, 21 May 2024 16:50:03 +0000

On May 21, 2024, Hex Trust Group announced the introduction of a native stablecoin, USDX, for the Flare network. Hex Trust also revealed that a Clearpool vault, enabling holders to earn a real-world yield, will debut alongside USDX. Hex Trust’s USDX Stablecoin and Clearpool Vault Aim to Enhance Flare’s Defi Ecosystem Founded in 2018, the […]

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2023’s Crypto Gainers: Decentraland’s MANA Token Outperforms Bitcoin With 88% Increase in One Week

DIGIT — Tue, 17 Jan 2023 15:00:15 +0000

The cryptocurrency economy is doing well during the third week of the new year, compared to the end of 2022. It is currently valued at $993.17 billion, as many digital assets have seen double-digit gains during the last two weeks. While some of the top ten cryptocurrencies, like bitcoin and ethereum, are performing well, a […]

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Integrating Decentralized Cross-Chain Communication Makes Bridges ‘Substantially Safer’ — Flare Networks CEO

DIGIT — Mon, 02 Jan 2023 07:00:23 +0000

Although they grabbed less media attention than the collapse of centralized organizations, the so-called bridge exploit incidents in 2022 again proved that the decentralized finance (defi) ecosystem still lacks sufficiently secure solutions, Hugo Philion, the co-founder and CEO of Flare Networks, has argued. Philion insists that the lack of such secure solutions has constrained the […]

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XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher

DIGIT — Tue, 24 Nov 2020 17:20:12 +0000

During the course of the week digital currency markets have seen colossal gains and one crypto asset, in particular, XRP, has jumped significantly in value over the last seven days. The distributed ledger token XRP climbed 25% upwards on Tuesday alone, and seven-day price stats show the coin has gained 123% as well. At the […]

The post XRP Price Climbed 123% in 30 Days, Spark Token Airdrop Pushes Value Higher appeared first on Bitcoin News.

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Flare proposes new bridge to allow XRP to be used on Ethereum

DIGIT — Thu, 27 Aug 2020 05:57:00 +0000

The Flare Network plans to build a new two-way bridge connecting XRP to the Ethereum ecosystem.

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