About Hex Trust USD USDX

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.

Hex Trust USD (USDX) Price Data

Hex Trust USD (USDX) price has decreased today.

Hex Trust USD price today is $0.9978 with a 24-hours trading volume up by 0.00%. USDX price is down in the last 24 hours. It has a circulating supply is 15.6M USDX coins and a total supply of 15.7M.

What is the highest price for Hex Trust USD?

The all-time high price of Hex Trust USD is $1.1662 on Oct 10, 2024.

What is the lowest price for Hex Trust USD?

The all-time low price of Hex Trust USD is $0.8847 on Feb 10, 2025.