Last updated at 2022/10/04
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USDX [Kava], $USDX

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$105M
Market Cap 7d %
+0.30%
Market Cap 30d %
-0.93%
Volume 24h
$246.8K
Volume 7d
$4.9M
Mechanism
Governance
Decentralized
Issuer
Kava Network
Jurisdiction
n.a.

USDX is a crypto-collateralized stablecoin issued on the Kava platform and is pegged 1:1 to USD. Kava aims for an over-collateralization of USDX. USDX is issued via a loan backed by a collateral of other digital assets. These assets are KAVA, ATOM, wBTC and wETH. The purpose of USDX is to boost the defi ecosystem of Kava, a defi platform connecting the Cosmos SDK with the EVM.

Risks

  • Smart Contract Risks
  • Risk of devaluation of on-chain collateral due to high-volatility
  • Risk of a negative contagion effect in case USDC in the collateral vaults de-peg
  • Loss of funds due to de-peg

$USDX Newsticker

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