USDX

Stablecoins are cryptocurrencies that aim to maintain a stable value relative to that of another asset, such as a currency (often the US dollar), commodity, or financial instrument. This keeps their value steady, unlike most cryptocurrencies. They offer a way to hold crypto value without the wild price swings, making them useful for transactions and storing value. However, different types of stablecoins (fiat-backed, crypto-backed, etc.) come with their own set of risks to consider.

USDX is a stablecoin designed to maintain a stable value relative to the US dollar, meaning 1 USDX is always intended to be worth 1 USD.

Currently, USDX can be purchased exclusively through HT Markets. For detailed information, please contact partnerships@htdigitalassets.com. We anticipate adding more authorized merchants soon.

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.

Authorized Merchants who wish to mint directly through USDX' issuer are required to undergo a verification process to comply with KYC requirements.

For every USDX minted, there is at least 1 USD or an asset of equivalent fair value kept in reserve.

Yes, USDX plans to undergo regular third-party audits to ensure reserve transparency and trust in the system.

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.

USDX offers flexibility by being available on multiple blockchains: Ethereum, Flare, and Songbird. This allows users to easily store and manage USDX using various wallets compatible with these networks.