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About Hex Trust USD
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.
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Trading Insights
Market Stats
Market Cap
$43.98M
0.28%
FDV
Not enough data
Circ. Supply
44M USDX
Max Supply
Not enough data
Total Supply
44M USDX
Diluted Valuation
$43.98M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$60.61K
21.16%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$1.00
Price Change (1Y)
Not enough data
4.27%
Additional details
Market details
USDX vs markets
↗ 8.12%
USDX vs BTC
↗ 17.52%
USDX vs ETH
↘ 29%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x7A486F809c952a6f8dEc8cb0Ff68173F2B8ED56c | |
Songbird | 0x4a771cc1a39fdd8aa08b8ea51f7fd412e73b3d2b | |
Ethereum | 0xf8750b54d86BE7aE9e32b4A0C826811198D63313 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.9437 | |
1 Day | $0.9998 | |
1 Week | $1.00 | |
1 Month | $0.9999 | |
1 Year | $0.9563 |
FAQ
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Hex Trust USD calculator
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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