USDX
Perfil del Stablecoin
USDX (USDX) es una stablecoin colateralizada por cripto: los usuarios acuñan USDX bloqueando otros criptoactivos como sobrecolateral, con 6,2 M US$ actualmente en circulación a través de 1 redes blockchain. El anclaje a USD se mantiene mediante subastas de liquidación cuando el valor del colateral cae por debajo de los umbrales requeridos. Fuente de precio obtenida vía defillama.
Acerca de USDX (USDX)
USDX is the crypto-backed native stablecoin of the Kava DeFi hub.
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.
Actividad reciente de suministro
USDX (USDX) supply expanded by 40,3 mil US$ (+0.65%) in the last 24 hours, expanded by 55,6 mil US$ (+0.90%) over the past week, and contracted by 23,5 mil US$ (-0.38%) over the past 30 days.
Steady issuance: supply has held roughly flat (-0.38% over 30 days), consistent with mature stablecoin liquidity dynamics.
Historial de Suministro
Network distribution
USDX circulates across 1 blockchain network. Kava hosts the largest share at 100.00%. Cross-chain distribution has remained broadly stable over the past 30 days.
| Cadena | Suministro | Cuota | 24h Δ | 30d Δ |
|---|---|---|---|---|
| Kava | 6,2 M US$ | 100.00% | +0.65% | -0.38% |
Historial de estabilidad del anclaje
As a crypto-collateralised stablecoin, USDX (USDX) maintains its 1.00 USD target by holding excess on-chain collateral and routing redemptions through automated liquidation auctions. Spot price is currently $0.5487 (-45.132%); short-term excursions of this magnitude are typically arbitraged away within hours via the protocol's open mint/redeem mechanics.
Cómo las stablecoins crypto-collateralised defienden su anclaje
Crypto-collateralised stablecoins like this one over-collateralise positions — borrowers must lock more than $1.00 of crypto for each $1.00 of stablecoin minted. If collateral value falls below the required ratio, the position is automatically liquidated in an open Dutch auction. Arbitrageurs can always mint and redeem against the protocol's contracts, which keeps the secondary-market price tightly bounded around $1.00. The main residual risks are sudden crypto-collateral crashes that outpace the liquidation engine, and oracle failure.
Implicaciones prácticas para los tenedores
- Collateral volatility is the dominant risk: a fast drawdown in the collateral asset can outpace liquidation auctions and leave the protocol under-collateralised.
- Oracle risk: the protocol relies on price feeds (typically Chainlink or a multi-oracle setup). Oracle manipulation or delay during volatile markets has historically caused peg excursions.
- Governance risk: parameter changes (collateral types, liquidation ratios, debt ceilings) are decided by token-holder votes. Sudden governance attacks remain a tail risk.
- On-chain transparency is a major advantage — collateral is verifiable 24/7 without trusting an attestor.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (crypto-collateralised) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Comparar USDX con otras stablecoins crypto-collateralised
Below are the largest crypto-collateralised stablecoins tracked on Mantapex alongside USDX (USDX). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Suministro | Mecanismo | Cadenas |
|---|---|---|---|
| Sky Dollar (USDS) | 8396,9 M US$ | crypto-backed | 6 |
| Ethena USDe (USDe) | 5921,4 M US$ | crypto-backed | 23 |
| Dai (DAI) | 4553,5 M US$ | crypto-backed | 48 |
| Falcon USD (USDf) | 1636,3 M US$ | crypto-backed | 2 |
| USDD (USDD) | 1095,4 M US$ | crypto-backed | 4 |
Entre clases de mecanismos
If you're researching USDX as part of a broader stablecoin allocation, it's worth comparing it across mechanism classes — each design has different counterparty, custody, and tail-risk profiles.
Estabilidad del Anclaje
Distribución por Cadena
Recursos y fuentes de datos
USDX (USDX) is tracked across major crypto data providers. The links below open USDX (USDX)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Noticias recientes de USDX
Latest reporting from major crypto news outlets covering USDX.
- Aped
USDX Stablecoin Supply Collapses After $676M Burn
USDX's circulating supply plunged 98.9% after a $676M token burn on April 8, with no public explanation yet for the sudden stablecoin collapse.
- Cryptopolitan
Stables Labs announces phased USDX recovery plan following severe depeg
After a few days of silence, Stables Labs has announced a “USDX Restoration Arrangement” following the depeg of its synthetic stablecoin. It stated that “due to market liquidity…
- Bitcoin
Stablecoin Shake-Up: $1.9B Drop Hits Market as XUSD and USDX Break Peg
The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long winning streak. Leading the cutback was Ethena's USDe, which…
- Coincu
Stables Labs Initiates Recovery for Depegged USDX Stablecoin
Stables Labs announced the initiation of a recovery plan following the USDX stablecoin's significant depeg.
- Bitcoin
USDX Stablecoin Breaks From Its $1 Peg, Sliding to $0.37
On Thursday, another stablecoin, this one dubbed ‘USDX' from Stable Labs, took a nosedive off its $1 peg, skidding all the way down to $0.3736. The meltdown, some say, traces back…
- AMBCrypto
Stablecoin USDX crashes 63% as founder faces liquidity drain allegations
A stablecoin designed to maintain a $1 peg crashed to $0.37 on 6 November, losing 63% of its value in hours. The collapse came after the founder was accused of draining millions…
- Cointelegraph
These are the least 'stable' stablecoins not named TerraUSD
Some stablecoins have failed to deliver the dollar's stability to crypto traders long before TerraUSD's collapse.
Stablecoins relacionadas
Stablecoins comparable to USDX by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Otras stablecoins crypto-backed
Stablecoins vinculadas a USD
Mayores stablecoins por suministro
Aviso de Riesgo
Las stablecoins conllevan riesgos que incluyen la pérdida del anclaje, cambios regulatorios y riesgo de contraparte. Siempre diversifique y haga su propia investigación.