Solana-based Project Launches USDC-backed Futures
Main page News, Stablecoins

The developers of the DeFi protocol Hxro, which is based on the Solana blockchain, have just launched a decentralized platform in beta mode that supports trading of perpetual swaps and futures backed by the stablecoin USDC.

The trading of Bitcoin-based contracts with weekly, monthly and quarterly maturity is available to several whitelisted companies and individuals.

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The project intends to launch Ethereum and Solana-based derivatives in the coming weeks.

The developers hope to involve several companies in testing complex trading strategies.

Dan Gansberg, founder of Hxro, has said the decentralized platform provides a high level of transparency, as well as risk management tools that are not available in traditional markets.

He has added:

"Even in some of the most advanced systems in the centralized world, you still have a centralized point of failure."

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