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 Redemption
USDX 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 | |||||
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