USDX Money USDX(USDX)
Market Cap$10.89m
Price$0.0098
Total Circulating683.44m
Stablecoin Information
USDX is a synthetic USD stablecoin that takes on forms of BTC as backing, combined with short BTC hedges on exchanges to achieve a delta neutral approximate dollar position
Category:crypto-backed
Minting and RedemptionUSDX can be minted by approved entities who pass KYC/KYB screenings, using USDX.money contracts, where users deposit cryptocurrency as collateral and receive USDX, with corresponding short positions opened on derivatives exchanges to hedge the backing assets
Audits:
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | 0% | 0% | +0.11% | 528.47m | ||
| 0 | 0% | 0% | +0.26% | 119.02m | ||
| 0 | < 0.0001% | < 0.0001% | -0.08% | 35.95m |