USDX

usdx

USDX (usdx) is a key USD stablecoin operating within the Kava ecosystem, primarily minted through the Kava Mint protocol. Kava Mint functions as a decentralized Collateralized Debt Position (CDP) protocol, allowing users to mint usdx by collateralizing other digital assets. This positions USDX as a foundational stable asset for various decentralized finance (DeFi) activities. As a USD stablecoin, it aims to maintain a stable value pegged to the US Dollar, providing a reliable medium of exchange and store of value for users on the Kava blockchain. Its integration within the broader Kava ecosystem, which combines the speed of Cosmos with Ethereum's developer power, enhances its utility and reach. USDX supports lending, borrowing, and other DApp functionalities, making it essential for users seeking stability and access to DeFi services within the Kava and potentially Osmosis ecosystems.

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StablecoinsUSD StablecoinOsmosis Ecosystem+1 More

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USDX

usdx

$0.649

0.00%

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Market Cap

$72,429,852

24h Trading Vol

$1,844

All Time High

N/A

All Time Low

N/A

Total Supply

N/A

Max Supply

∞

Circulating Supply

N/A

USDX

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USDX

USDX

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