USDX (USDX) Price
USDX RANK #295The price of USDX (USDX) is calculated by aggregating the latest data across multiple exchanges and markets, using a global volume-weighted average formula. Since USDX was not traded in the last 24 hours, the price above is a reflection of the last recorded price. Learn more about how crypto prices are calculated on CoinGecko. USDX is a decentralized, crypto-collateralized stablecoin native to the Kava ecosystem, designed to provide a stable medium of exchange within the Cosmos network. USDX is the primary stablecoin of the Kava DeFi hub, functioning as a decentralized unit of account and medium of exchange. It is generated through a system of Collateralized Debt Positions (CDPs), where users deposit various cryptocurrencies—such as BTC, ETH, and XRP—to draw a dollar-denominated debt token. This mechanism allows users to access liquidity without selling their underlying crypto holdings.
