USDx Stablecoin USDX

USDx Stablecoin price today is $0.00000698 with a 24-hour trading volume of $. USDX price is down $% in the last 24 hours. It has a circulating supply of 0 USDX coins and a total supply of 2,355,303.

USDx is a decentralized and synthetic indexed stablecoin introduced by dForce as the first and cornerstone protocol. It is 1:1 pegged to a basket of constituent stablecoins, integrated with interest bearing capability. USDx's initial underlying portfolios include USDC, TUSD, PAX and DAI (1 USDx = 30% USDC, 30 %TUSD, 30% PAX and 10% DAI), which can be adjusted by on-chain governance. The synthetization and disaggregation of USDx is wholly on-chain to ensure maximized transparency, immutability and auditability. DF is the platform utility token of the dForce network to be used for transaction services, community governance, system stabilizer, incentivization, validator deposit when we migrate to staking model, and etc.