Wirex lists NXUSD stablecoin on platform

NXUSD is an ERC-20 standard token on the Avalanche blockchain. Following recent market changes, Nereus has ensured that NXUSD is fully collateralized, which uses the tokens WBTC, WETH, AVAX, DAI as collateral to mint NXUSD and maintain its price.

The token has 0% interest rate and maximum capital efficiency at 90% LTV in Nereus. NXUSD can also be spent at 80 million locations worldwide on Wirex’s crypto-enabled debit card, as well as held in Wirex’s DeFi savings product, X-Accounts. This will allow customers to earn up to 20% AER interest on NXUSD, with no minimum holdings or monthly fees.