USDX($USDX)
$0.942905
Low $0.941838
High $0.950658
1h
-4h
-1d
-
Volume
$341,342.00
Market Cap
$11,180,172.00
Fully Diluted
$105,198,067.47
Market cap Value
3.05 %
Circulating Supply
111,572,256
Max Supply
∞
Total Supply
111,568,045
% of Total Supply
100.00%
Funds
No funds found
Data not found or doesn't existInfluencers
No influencers found
Data not found or doesn't existCoinScouts Grade
What is USDX?
CoinScouts Description
USDX is a stablecoin that is natively integrated into the Kava DeFi platform, a cross-chain infrastructure that enables interoperability between different blockchains. USDX is a crypto-backed stablecoin, meaning it...
CoinScouts Description
USDX is a stablecoin that is natively integrated into the Kava DeFi platform, a cross-chain infrastructure that enables interoperability between different blockchains. USDX is a crypto-backed stablecoin, meaning it is collateralized by various cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin, which are held in a decentralized collateral pool.
USDX can be used as a means of payment, a store of value, and as a trading pair on decentralized exchanges. The stability of USDX is maintained by an automated algorithmic mechanism that adjusts the collateralization ratio based on market conditions. This ensures that the value of USDX remains pegged to the US dollar at a 1:1 ratio.
Users can mint USDX by depositing their crypto assets into the collateral pool, which generates USDX at a 2:1 ratio. USDX can also be redeemed for its underlying collateral at any time.
Kava also offers various financial services such as lending and borrowing, where USDX can be used as collateral. USDX holders can earn interest on their holdings by staking their USDX in the Kava network.
Overall, USDX provides a stable and decentralized alternative to traditional fiat-backed stablecoins, offering users the benefits of the blockchain technology such as transparency, security, and borderless accessibility.
Chart
USDX Statistics
Price change 1 hour
-0.15%Price change 24 hour
0.01%Price change 7 days
1.05%Price change 14 days
-0.01%Price change 30 days
0.00%Price
$0.94290524 Hour Trading Volume
$341,342.0024 Hour Volume Change
-6.24%Market cap
$11,180,172.0024 Hour Market Cap Change
0.00%Fully Diluted Market Cap
$105,198,067.47All Time Low/High
$0.100156 | $3.89Percentage Change Since All Time High
-75.65%Percentage Change Since All Time Low
844.88%Market cap rank
#852Volume / Market Cap
0.03053Issuance Blockchain
KavaCirculating Supply
111,572,256 (100.00%)Max Supply
∞Total Supply
111,568,04524h Volatility
n/aTwitter Followers
0Telegram Users
0Reddit Subscribers
0Github subs
0Github issues
0USDX Markets
All markets (1)
| Exchange | Pair | Volume | Action | Trust score |
|---|---|---|---|---|
| AscendEX (BitMax) | USDX/USDT | $281,994.00 | Trade |
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USDX News
No news for USDX known.
Upcoming USDX Events
No upcoming events for USDX known.
Twitter of USDX unknown.
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