NXUSD is now live in the Wirex app!

Region: Europe
Jun 8, 2022, 8:00:00 AM Published By Wirex Team

We’ve just welcomed a brand-new cryptocurrency to the Wirex app. But this isn’t just any old token, it's Nereus’s brand-new, fully collateralised stablecoin, NXUSD!

NXUSD is an ERC-20 token on the Avalanche blockchain, which is soft-pegged to the US dollar. It’s minted by the decentralised lending protocol, Nereus Finance, and uses WBTC, WETH, AVAX and DAI as collateral.

Stable, scalable and versatile, NXUSD not only unlocks a best-in-class borrowing experience on the Nereus platform, it is also the key to accessing super-high DeFi yields.

Unlock passive DeFi income

Simply send NXUSD to your Wirex Wallet and deposit it into an NXUSD/AV3 liquidity pool to earn up to 85% APR!

Achieve maximum capital efficiency

Nereus allows users to borrow up to 90% LTV – an unprecedented ratio compared to other DeFi protocols on the market. This makes borrowing highly capital efficient and allows for up to 11x leverage on your investments.

Borrow it at 0% interest

Borrow NXUSD from Nereus without accruing any interest.

Earn rewards through staking

Earn token rewards by staking your NXUSD through Nereus.

Looking for more?

There are plenty of ways you can benefit from NXUSD with Nereus, but how about with Wirex?

For one, you can spend it at over 81 million merchants in more than 200 countries around the world with your Wirex card. And that’s just the beginning.

The NXUSD X-Account is now live in the Wirex app – and with it, up to 20% AER!