- #450
USDXÂ USDX
USDX Price
Market CapÂ
$91.84Â MRank #450FDVÂ
$88.52Â MRank #686Investors
Twitter Followers
Twitter Performance
35Rank by Twitter #16933- 0
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Detailed Performance
USDX shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods
USDX to USD Converter
Price History
- All-Time High
- $3.894.73x to ATH
- All-Time Low
- $0.10018.22x to ATL
- Trade Launch Date
- 10 Nov, 2020
1287 days ago
About USDX
USDX is a stablecoin issued by Mountain Protocol. It is a regulated and permissionless yield-bearing stablecoin that aims to maintain a stable value around 1 USD. It offers superior yields compared to traditional alternatives like checking and savings accounts. Users can exchange their assets for USDX and eventually borrow against it on Hard Protocol with autonomous interest rates. The stability of USDX is achieved through a plan announced in April 2021, which gradually shifted the same amount of KAVA rewards from USDX minting to USDX supplying on Hard Protocol.
What makes USDX unique?
USDX is unique compared to other cryptocurrencies because it is a stablecoin, specifically designed to maintain a stable value of 1 USD. This stability is achieved through a combination of mechanisms, such as minting and burning of tokens based on demand, as well as collateralization with Kava's native token, KAVA. Additionally, USDX offers superior yields without additional risk, making it an attractive option for investors compared to traditional alternatives like checking and savings accounts.
Live USDX Price Data
The current price of USDX (USDX) is approximately $0.8232, reflecting a increase of 0.04% in the last 24 hours. The USDX trading volume in the last 24 hours stands at $307,383.00. USDX's market cap is currently $91.84Â million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of USDX is 111.57Â million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand USDX's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on USDX, check out our crypto insights page.
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USDX to USD Converter
Price History
- All-Time High
- $3.894.73x to ATH
- All-Time Low
- $0.10018.22x to ATL
- Trade Launch Date
- 10 Nov, 2020
1287 days ago