Hex Trust USDX

USDX

$USDX, launched by Hex Trust, is primarily backed by 1-3 month US Treasury Bills. The T-Pool offers a simple way to earn a sustainable 4% APR in USDX, plus an additional 3.44% in $FLR rewards. What is USDX? 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. 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.