flexUSD token
Overview
flexUSD is a yield-bearing stablecoin issued by the Coinflex exchange on the Ethereum blockchain. It was designed to generate interest for holders through the exchange's lending and trading activities. Following Coinflex's suspension of withdrawals in 2022, the token's peg has faced challenges.
Within the DeFi Intel graph, flexUSD connects to 2 tracked entities, most strongly to Ethereum, smartBCH.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | smartBCH | 95% |
Frequently asked questions
What is flexUSD?
flexUSD is a yield-bearing stablecoin issued by the Coinflex exchange on the Ethereum blockchain, designed to generate interest for holders through the exchange's lending and trading activities.
What chains is flexUSD deployed on?
flexUSD is deployed on the Ethereum and smartBCH blockchains.
What happened to flexUSD after Coinflex suspended withdrawals?
Following Coinflex's suspension of withdrawals in 2022, the token's peg has faced challenges.