Nick Chong · 5 days ago · 2 min read · Insights via Grayscale Investments
USDX USDx stablecoin
Market Cap $2,503,502
24 Volume $1,449
Circulating Supply 2,502,413 USDX
Total Supply 2,502,413 USDX
USDx is a decentralized index stablecoin (ERC-20 token) launched by dForce Network. It is pegged to a basket of selected stablecoins (35% USDC, 35% PAX and 30% TUSD), with constituents and weightings adjustable through on-chain governance. The bidirectional exchange (from constituents to USDx, and from USDx to a basket of constituents) are wholly on-chain and verifiable on Etherscan.