dForce USD (USX) is a decentralized stablecoin protocol enabling scalable and reliable stablecoin issuance and redemption. More
| Fully Diluted Valuation | $132.85M |
|---|---|
| 24H Trading Volume | $33,047 |
| 24H Low / High | $0.99 / $ 0.99 |
| Circulating Supply | 15.45M |
| Total Supply | 134.57M |
| Max Supply | ∞ |
| Categories | Stablecoins 9 more |
|---|---|
| Founder | Yang Mindao |
| Website | dforce.network |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 5 more |
| Explorer | Binplorer 9 more |
| Contracts |
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5 more
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| Name | Pair | OG Score |
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dForce USD (USX) is a stablecoin designed to maintain a value equivalent to the U.S. dollar within the decentralized finance (DeFi) space. It aims to offer stability and liquidity across various DeFi protocols, facilitating smooth transactions.
Understanding USX: A Reliable Stablecoin
USX operates as a fully-collateralized stablecoin, meaning every token issued is backed by a corresponding value, ensuring its stability. It employs different minting modules to support issuance and circulation, adapting to market demands for liquidity.
Enabling Interoperability: USX's Strength
An important aspect of USX is its interoperability across different blockchain networks. This means it can be used for transactions and interactions in various digital media applications, enhancing its utility and scalability.
Security Measures: Protecting User Assets
USX prioritizes security through risk management frameworks and regular third-party audits to identify and address potential vulnerabilities. It also adjusts lending and borrowing rates dynamically to maintain its peg to the U.S. dollar, ensuring stability.
Future Prospects: The Role of USX
As DeFi continues to evolve, dForce USD (USX) remains at the forefront of innovation. Its reliability, security measures, and interoperability make it a promising solution for decentralized finance and beyond, offering a glimpse into a future of seamless and transparent financial transactions.
dForce USD (USX) stands out for its decentralized stablecoin protocol, offering seamless interoperability across multiple blockchain networks, enhanced security measures, and a commitment to maintaining value parity with the U.S. dollar through dynamic interest policies.
The founders of dForce USD (USX) is Yang Mindao.
You can buy dForce USD (USX) on Uniswap V2 (Ethereum), Velodrome Finance v2, Curve (Ethereum), DODO (Arbitrum)Curve (Arbitrum) cryptocurrency exchanges.
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