Hex Trust USD USDX
Rank #484$1.00
-0.01%
CoinGecko · just now
About Hex Trust USD
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 payment
Frequently Asked Questions about Hex Trust USD
What is Hex Trust USD (USDX)?
Hex Trust USD (USDX) is a cryptocurrency that can be traded on various exchanges. It has a current market capitalization of $43.70M, making it one of the notable digital assets in the crypto market.
What is the current price of Hex Trust USD?
The current price of Hex Trust USD (USDX) is $1.00. Prices update in real-time based on market activity across major cryptocurrency exchanges.
Where can I buy Hex Trust USD?
You can buy Hex Trust USD (USDX) on major cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Always use a reputable exchange and enable two-factor authentication to secure your account.
Is Hex Trust USD a good investment?
Whether Hex Trust USD is a good investment depends on your financial goals, risk tolerance, and research. Cryptocurrency markets are highly volatile. Always do your own research and consider consulting a financial advisor before investing.
