Nexus, an upcoming Layer 1 blockchain, has launched its native stablecoin, USDx, designed to integrate a Global Yield Distribution System (GYDS). This system allows applications holding USDx to earn a share of protocol revenue based on user holdings, incentivizing the integration of USDx across the ecosystem. The stablecoin aims to unify Nexus's ecosystem by encouraging conversions from USDT and USDC to USDx. USDx is built on Nexus's zero-knowledge virtual machine (zkVM), ensuring transaction verifiability without compromising user privacy. The stablecoin is fully backed by U.S. Treasuries, although the exact yield distribution formula remains undisclosed. Nexus has raised $27.2 million in funding, with investments from Dragonfly, Pantera, and Lightspeed. CEO Daniel Marin emphasized USDx's role in supporting decentralized governance and aligning incentives across the protocol, developers, and users.