DescriptionUSDX is the crypto-backed native stablecoin of the Kava DeFi hub.
Category:crypto-backed
Minting and RedemptionUsing the Kava app, users mint USDX by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back USDX is burned.
USDX (USDX)