DescriptionUSDX is a synthetic USD stablecoin that takes on forms of BTC as backing, combined with short BTC hedges on exchanges to achieve a delta neutral approximate dollar position
Category:crypto-backed
Minting and RedemptionUSDX can be minted by approved entities who pass KYC/KYB screenings, using USDX.money contracts, where users deposit cryptocurrency as collateral and receive USDX, with corresponding short positions opened on derivatives exchanges to hedge the backing assets
USDX Money USDX (USDX)