Nexus, an upcoming Layer 1 blockchain designed for verifiable finance, has announced the launch of USDX, a innovative revenue-sharing stablecoin. Built in collaboration with M0, the open stablecoin platform, USDX introduces a novel model that programmatically routes income from U.S. Treasury bill reserves directly to onchain applications, wallets, and decentralized apps (dApps).

At the heart of USDX is the Global Yield Distribution System (GYDS), which automatically allocates T-bill yields to ecosystem participants based on their holdings and contributions, such as total value locked (TVL) and trading volume. Fully backed 1:1 by U.S. Treasuries and cash equivalents, the stablecoin leverages M0's programmable, multi-issuer rails to create application-specific stablecoins that embed cash-equivalent returns into everyday product experiences. This aligns with a growing trend toward "yield-aware" dollars, where stablecoins not only maintain pegs but also generate and distribute passive income to foster network growth.

Nexus positions USDX as the native dollar of its economy, serving as a unified settlement layer across all trades, markets, and applications within the network. "USDX is the default currency of the Nexus stack — trusted by traders, aligned with builders, and purpose-built for scale," states the official Nexus blog. By replacing fragmented stablecoins like USDC and USDT with a single, protocol-native asset, USDX promises to streamline capital flows, reduce inefficiencies, and incentivize conversions from incumbent stablecoins.
Read More:
https://blog.nexus.xyz/introducing-usdx-built-for-builders/