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Easily convert STX to SPYX with ConvertOnline's efficient tool.
Stacks (STX) is a cryptocurrency designed to bring smart contracts and decentralized applications to Bitcoin. It operates as a layer-1 blockchain that enables developers to build on Bitcoin's security while leveraging its existing ecosystem, effectively enhancing Bitcoin's functionality without altering its core protocol.
The SP500 tokenized ETF (xStock) (SPYX) is a digital asset that represents a tokenized version of an exchange-traded fund (ETF) tracking the S&P 500 index. By providing exposure to the performance of the 500 largest publicly traded companies in the United States, this token aims to democratize access to traditional stock market investments through blockchain technology.