Stablecoin Information
USDX is the crypto-backed native stablecoin of the Kava DeFi hub.
Category:crypto-backed
Minting and Redemption
Using the Kava app, users mint USDX by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back USDX is burned.
Audits:No
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0.00% | -0.00% | -0.20% | +1.61% | 9.99m |