Flare Launches Confidential Compute With Private Proof of Reserves for Hex Trust's USDX

Flare has brought Confidential Compute to its Songbird canary network, processing private institutional data inside hardware-isolated TEEs and returning signed results that smart contracts verify onchain. Hex Trust's USDX is the first stablecoin to use the Proof of Reserves extension.

• FCC is live on Songbird after governance proposal STP.13 passed in July 2026
• First TEE machines run on Google Cloud and are operated by the Flare Foundation
• Hex Trust's USDX is the first stablecoin to use the private Proof of Reserves
• Stablecoin supply hit a record $322.4 billion in May 2026