USDX Stablecoin: Peg, Supply & Chains

#	Chain	Supply	Share			Distribution
1	BSC	$528.47M	77.33%	+$601.35K	10.1%	x
2	Arbitrum	$119.02M	17.41%	+$312.31K	9.38%	x
3	Ethereum	$35.95M	5.26%	−$26.99K	0.10%	x

Stats

Circulating$683.44M

Price$0.0084

Peg Δ99.16%

Chains3

MechanismCrypto-backed

Top chainBSC 77%

Best APYclearpool-lending · Flare

3.50%

How USDX is minted & redeemed

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

Supply flow

Net change—

Net mint—

Net redeem—

USDX circulating supply was roughly flat over the last 24 hours.

About USDX

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

Website ↗Twitter ↗Audit 1 ↗

USDX Money USDX

USDX Money USDX

USDX Money USDX (USDX) Stablecoin Analytics

USDX Money USDX (USDX) Stablecoin Analytics