Synthetix has introduced USDx, a stablecoin and collateral instrument for Synthetix on the Layer-2 Ethereum scaling solution called Arbitrum. USDx aims to provide better liquidity and collateral for the platform. Liquidity providers can mint USDx through deposits in Arbitrum pools, which allows them to access more DeFi opportunities. USDx is over-collateralized to ensure price stability, and it is the reference currency for Synthetix perpetual futures on Kwenta. The rollout also includes 81 new Perp markets and four collateral choices. This expansion aims to attract a wider audience and improve the depth of Arbitrum's DeFi market.



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