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Exodus Introduces $XO, a U.S. Dollar-Backed Stablecoin on Solana

The announcement says Exodus launched $XO on Solana, a blockchain network known for high-speed transactions.

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by being backed by an asset such as the U.S. dollar.
  • Solana: A blockchain network built for fast transaction processing and lower fees for digital asset applications.