Hex Trust USD USDX
#716$0.999−1.2% 24hMarket cap $25.6M
Overview
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Best flexible rates
No Earn products for USDX right now
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Active launchpools
No active launchpools with USDX right now
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Next unlock
No scheduled unlocks
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Exchanges with this coin
None of the 11 exchanges on Polarly has Earn products or launchpools with USDX
About Hex Trust USD
- Market cap
- $25.6M
- #716 on the market
- Circulating
- 25.6M USDX
- no max supply
- All-time high
- $1.34
- 7 May 2025 · −25.5% from ATH
- All-time low
- $0.535
- 6 Jun 2025
- Type
- Stablecoin
- Stablecoins
- Ethereum Ecosystem
- Flare Network Ecosystem
- Songbird Ecosystem
- +1
Website ↗ · Explorer ↗ · X ↗
Project description
USDX is an asset designed to be pegged to the USD, fully backed by at least a 1:1 amount of cash and cash-equivalent reserves and is available on multiple blockchains.
Read more
Issued by Hex Trust issuance arm, HT Digital Asset, USDX brings a credible and reliable mediums of exchange to facilitate transactions across blockchain ecosystems. USDX is the perfect complement to Hex Trust’s vision: securing the permissionless future by building responsible digital asset solutions.
What is the distribution model of USDX? USDX is distributed through a process known as minting. When Authorised Merchants deposit USD into the designated account, an equivalent amount of USDX is minted and sent to their digital wallet.
What is the ratio between USD and USDX? For every USDX minted, there is at least 1 USD or an asset of equivalent fair value kept in reserve.
What is the utility of the USDX token? Beyond being a stable store of value, USDX can be used in a variety of digital economy applications, from payments and settlement to smart contract interactions.
Source: CoinGecko
Earn on USDX
No Earn products for USDX on the 11 exchanges right now
Questions and answers
- What is Hex Trust USD (USDX)?
- USDX is an asset designed to be pegged to the USD, fully backed by at least a 1:1 amount of cash and cash-equivalent reserves and is available on multiple blockchains. Categories: Stablecoins, Ethereum Ecosystem, Flare Network Ecosystem, Songbird Ecosystem, Fiat-backed Stablecoin.
- How many USDX are there and what is the maximum supply?
- 25.6M USDX are in circulation; the maximum supply is not capped.
- What is the all-time high price of USDX?
- $1.34 (7 May 2025). This is a historical value, not the current price. The price is now $0.999, 25.5% below the high.
Launchpools with USDX
There have been no launchpools with USDX