Hotbit does not provide endorsement for any blockchain assets. All introduction information regarding the assets is originated from third party sources and that emissions and errors might occur in the information provided.
The investments in blockchain assets are highly risky; the user is solely responsible for undertaking the risks of any asset shrinkage or lost. Please do conduct investment activities cautiously based on your own situation.
USDx is an ERC-20 stablecoin 1:1 pegged into USD, which can be automatically minted/disaggregated with/into a basket of constituents through smart contracts, and traceable through Etherscan to ensure maximized transparency, immutability and auditability. Users can exchange between USDx and USDT instantly through Hotbit Exchange (liquidity adequate to that of USDC/USDT on Binance), or get back a basket of constituents (1 USDx = 35% USDC + 35% PAX + 30% TUSD) through the protocol.
Token Status and Distribution
Features: Our design goals for USDx is to make the right trade-off to deal with the stablecoin trilemma of stability, scalability and fungibility (fiat-back fail on fungibility and are unable to create fully permission-less, decentralized, censorship-resistant and programmable protocol, while over-collateralized stablecoins, like DAI, have been struggling to maintain $1 peg.)