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Hex Trust taps Flare to verify USDX reserves backing at 1:1 or more

  • Hex Trust uses Flare’s Confidential Compute to verify USDX reserves.
  • The system checks private and public reserves against USDX supply.
  • The signed result confirms whether USDX is backed 1:1 or more.

Hex Trust is using Flare’s Confidential Compute on Songbird to verify whether USDX reserves fully back the stablecoin’s supply. The system compares private and public reserves against the amount of USDX in circulation and publishes a signed result showing whether backing is at least 1:1.

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