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home CoinsUSDX

Updated 03:42 AM UTC

USDX USDX Stablecoin

$0.9997

$0.0002

(0.02%)

Today

Mkt Cap$58.35M

Vol1.8M

About USDX Stablecoin

USDX is an asset designed to be pegged to the USD, fully backed by at least a 1:1 amount of cash and cash-equivalent reserves and is available on multiple blockchains. Issued by Hex Trust issuance arm, HT Digital Asset, USDX brings a credible and reliable mediums of exchange to facilitate transactions across blockchain ecosystems. USDX is the perfect complement to Hex Trust’s vision: securing the permissionless future by building responsible digital asset solutions. What is the distribution model of USDX? USDX is distributed through a process known as minting. When Authorised Merchants deposit USD into the designated account, an equivalent amount of USDX is minted and sent to their digital wallet. What is the ratio between USD and USDX? For every USDX minted, there is at least 1 USD or an asset of equivalent fair value kept in reserve. What is the utility of the USDX token? Beyond being a stable store of value, USDX can be used in a variety of digital economy applications, from payments and settlement to smart contract interactions.

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Base Token: No Date, No Quota, but 6.27 Billion Dollars on the Chain

There is no Base token, only the statement that Coinbase is exploring one. What is measurable instead is 6.27 billion dollars of deposited capital, fees in the hundredths of a cent and an AERO price that has risen 68 percent in thirty days.

CryptoTicker

Base Token: No Date, No Quota, but 6.27 Billion Dollars on the Chain

CryptoTicker

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Ripple Cannot Freeze 83 Million Dollars in Stolen XRP: What to Check in Custody and Deposits

The attacker from the Bitget incident has moved around 83 million dollars in XRP, and Ripple has no technical means to stop it. What can be frozen, what cannot, and why an account freeze also hits investors with no connection to the case.

CryptoTicker

XRP Pundit: First Thing You Should Do When You Become a Crypto Millionaire

Reaching millionaire status through cryptocurrency can involve difficult financial decisions, and Lewis XRP has offered his view on how holders should prepare for that moment. In a video attached to his X post, the crypto enthusiast explained how he would manage his holdings afte...

Crypto News - Latest Cryptocurrency News

Where Do the Dollars Behind the UAE’s Crypto Economy Sit?

The UAE has localized much of its crypto market, but the reserves behind its most widely used digital dollars remain offshore. USDU introduces a different model by connecting dollar stablecoin issuance, reserves and banking relationships directly to the UAE financial ecosystem.

Unlock Blockchain

a16z-Backed Layer-1 Project Linera Shuts Down After Token Sale Falls Short

The a16z-backed Layer-1 project is winding down its app and Discord community after a token sale fell short and emergency financing failed to bridge the gap.

Blockchain Reporter

Hamas Urges Donors to Avoid Binance for Crypto Transfers

In a letter submitted to a U.S. court file opened by the FBI, the armed wing of Hamas snubs Binance. The Al-Qassam Brigades recommend that their donors route their crypto funds through Bybit, OKX, or RedotPay rather than through the world’s leading crypto platform (considered too...

Cointribune

Bitcoin Mining Company MARA Holdings Made Millions of Dollars Worth of Bitcoin Purchases! Here Are the Details

MARA Holdings is among the publicly traded companies that both mine Bitcoin and hold Bitcoin in their company treasury. Continue Reading: Bitcoin Mining Company MARA Holdings Made Millions of Dollars Worth of Bitcoin Purchases! Here Are the Details

Bitcoin Sistemi

Richard Teng Denies Binance Accusations, While the DOJ Targets $61 million Connected to Iran

The American Department of Justice demands the seizure of 61 million dollars in crypto. The alleged origin: illegal sales of Iranian oil. Two Chinese companies, Blessed Trust and Hexa Whale, are accused of laundering these funds in Iran via accounts opened on Binance. Richard Ten...

Cointribune

Citi and DBS Move Tokenized Dollars Across Borders on a Saturday

The transfer between Singapore and the United States cleared in minutes on Swift's blockchain ledger, against an industry norm of up to two business days. Neither bank disclosed how much money moved.

CryptoNewsRush.com

a16z Leads Félix Series C Round to Scale Stablecoin Remittances

The WhatsApp-based remittance platform, which settles most transfers in USDC, has secured a new Series C round led by venture firm Andreessen Horowitz.

Blockchain Reporter

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