Stables Labs USDX
USDX Price
USDX.money offers a decentralized, dollar-pegged stablecoin for stability in diverse DeFi applications. More
| Fully Diluted Valuation | $673.97M |
|---|---|
| 24H Trading Volume | $1.32M |
| 24H Low / High | $1.00 / $ 1.00 |
| Circulating Supply | 675.02 M |
| Total Supply | 675.02 M |
| Max Supply | 0.00 |
| Categories | Stablecoins 5 more |
|---|---|
| Founder | Anonymous |
| Website | usdx.money Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Ethplorer 5 more |
| Contracts |
0xf35....66cef
2 more
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| Name | Pair | OG Score |
|---|
USDX.money is a decentralized finance (DeFi) protocol focused on creating a robust and secure stablecoin ecosystem. Designed to facilitate seamless on-chain transactions, USDX.money operates as a decentralized protocol allowing users to mint and manage stablecoins, specifically USDX, which is pegged to the U.S. dollar. The platform prioritizes transparency, decentralization, and usability, aiming to provide users with a stable digital asset to use across various DeFi ecosystems, including lending, borrowing, trading, and payments.
Project Objectives and Purpose
USDX.money is primarily aimed at addressing volatility issues associated with traditional cryptocurrencies by offering a stable, dollar-pegged digital asset. This stablecoin framework is particularly relevant for individuals and entities seeking stability within the blockchain economy. Given that stable assets reduce exposure to market volatility, the USDX token provides users with a means of transacting, saving, or lending funds with minimized risk compared to conventional cryptocurrencies.
The USDX.money platform further supports decentralized control, allowing users to maintain ownership and decision-making over their assets and avoiding reliance on centralized banking or financial institutions. The project aims to appeal to users seeking increased stability and self-custody, while allowing seamless integration across DeFi platforms.
Key Features
Decentralized Stablecoin: USDX, the platform's native stablecoin, maintains its peg to the U.S. dollar and is decentralized, reducing dependency on centralized issuers or banking systems. This structure empowers users to avoid intermediaries and enhances the resilience and transparency of the stablecoin.
Seamless Interoperability: USDX.money's infrastructure supports integration with other DeFi platforms, making it versatile for lending, borrowing, and trading applications. This interoperability allows users to utilize USDX across various protocols and platforms, fostering broader adoption and utility.
User-Managed Collateral: Users can collateralize their assets to mint USDX, enabling them to unlock liquidity without having to sell their underlying assets. This self-managed, collateral-backed system aligns with the DeFi principles of autonomy and transparency, allowing participants to fully control their financial transactions.
Use Cases for USDX.money
The USDX.money platform facilitates a range of applications across the DeFi ecosystem, including:
Lending and Borrowing: USDX can be utilized in DeFi lending and borrowing platforms where users can earn interest on USDX deposits or borrow against it.
Trading and Payment: As a stable, dollar-pegged asset, USDX can be used for trading on decentralized exchanges (DEXs) or for peer-to-peer transactions. It offers a reliable medium of exchange for users in regions with limited access to stable fiat currencies.
Decentralized Finance Protocol Integration: USDX.money can be integrated into various DeFi protocols, enhancing liquidity and stability across different platforms while allowing users to engage with decentralized applications (DApps) without exposure to volatile asset prices.
USDX.money provides a decentralized, dollar-pegged stablecoin designed for interoperability across DeFi platforms, ensuring stability and usability.
The founders of USDX.money are anonymous.
Uniswap V3 (BSC), Curve (Ethereum), Camelot V3, Pancakeswap (Stableswap), Pancakeswap V3 (BSC)
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Stables Labs USDX USDX. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Stables Labs USDX (USDX) is ($675,019,124), max supply of Stables Labs USDX USDX is ($0) and the market cap of Stables Labs USDX USDX is ($673,965,367).
What is the Stables Labs USDX (USDX) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Stables Labs USDX (USDX) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Stables Labs USDX (USDX) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Stables Labs USDX USDX) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Stables Labs USDX (USDX) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Stables Labs USDX (USDX) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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