CEX Ventures will launch the first ecosystem-specific stablecoin, ESS, on X Layer

On February 12, CEX Ventures announced a strategic investment in STBL, a next-generation stablecoin and yield infrastructure provider. Additionally, STBL announced partnerships with private market investment firm Hamilton Lane (HLNE) and digital securities issuance and tokenization platform Securitize. STBL will launch its first ecosystem-specific stablecoin, ESS, on the X Layer, utilizing its dual-token architecture to separate liquidity settlement from yield generation. The stablecoin is backed by real assets.

STBL-0,71%
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