USDx stablecoinUSDX
$1.00
USDX Price Prediction and Price Movement
USDX has been down 0 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that USDX's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if USDX is backed by a solid development team and whether USDX's technology has any potential to grow.
Please note that this analysis is purely base on USDX's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
USDx stablecoin Price Chart
About USDx stablecoin
USDx, a meta stablecoin with systematic interest (USR, aka DSR). USDx is a fiat-back synthetic stablecoin pegged into a basket of regulated stablecoins (1 USDx = 80% USDC + 10% PAX + 10% TUSD) at pre-determined weighting, which is adjustable through on-chain governance. Users can earn interest income on their USDx holdings by simply depositing USDx into the USR contract.
USR is funded by interests earned by constituent stablecoins of USDx, which are automatically converted to dTokens upon each mintage and sequentially supplied to dForce Yield Market to earn interests. Presently, interests collected by constituent stablecoins are 100% distributed to USDx holders who deposit USDx into the USR contract. In the future, x% of the profits contributed by constituents of USDx will be utilized to support DF buyback-and-burn, which will be determined by DF holders.