What is HEX TRUST USD(USDX)?

Basic information about USDX

Coin name:

Hex Trust USD

Coin symbol:

Coin introduction:

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. 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.

Expand

Current Price:

$0.9996More coin details

All-time high:

$1.34

All-time low:

$0.53504

USDX Supply Info and Tokenomics

Circulating supply:

41M

Total supply:

41M

Max supply:

Market cap:

$41.925M

Fully diluted valuation:

$41.925M

What is the outlook and future value of USDX?

The current market cap of USDX is $41.925M, ranked 715 in the market, showing that the market already recognizes the value of USDX. When a bull market arrives, the market cap of USDX may continue to grow.

Moreover, if USDX can play a greater role in real-world applications—such as if the Monero developers can fully empower USDX and establish partnerships with more business partners to expand its user base—then the long-term value of USDX will be further enhanced.

What is the price of USDX in 2027?

According to the historical price performance prediction model of USDX, the price of USDX is expected to reach $1.04958 at 2027.

Note: As with any crypto investment, investors should closely monitor ’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get USDX?

Purchasing USDX with cash is not the only way to obtain USDX. If you have enough time, you can get USDX for free.

Learn how to get Hot rewards for free with USDX.

Earn free USDX by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get USDX airdrops for free.

All crypto airdrops and rewards can be exchanged for USDX through LBank spot trading.

Buy USDX starting from $1

What is USDX used for and how to use it?

The use cases for USDX may grow with the development of the crypto market and project progress. Currently, you can use USDX to:

Arbitrage trading of USDX

USDX is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many USDX trading pairs to suit your needs.

Earn yield with USDX

You can also lend out USDX or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your USDX gains.

Send or pay with USDX

If you want to pay someone with USDX, you can easily and quickly send USDX to them using their receiving address.

You can also visit the official website of Hex Trust USD to learn more use cases of USDX, such as whether the Hex Trust USD project supports community/eco apps or buying physical or virtual goods with USDX.