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Hex Trust USD

Hex Trust USD

$1.00
-$0.00152466
-0.15%
• Today

Info

Symbol
USDX
Network
Ethereum
Market Cap
$33M
Total Supply
7.24M
Circulating Supply
7.24M
Holders
27

About

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.

FAQ

The market capitalization of USDX is $33M as of Jul 8, 2025.

Market capitalization is calculated by multiplying the current price of USDX by its circulating supply. It reflects the overall value of the token in the market and helps gauge its relative size compared to other cryptocurrencies.

The total supply of USDX is 7.24M.

The circulating supply, which represents the number of USDX currently available in the market, is 7.24M as of Jul 8, 2025.

USDX can be bought and traded on a variety of cryptocurrency platforms, including Phantom!

Pricing information is provided for informational purposes only and is not financial advice. Market data is provided by third parties and Phantom makes no representation as to the accuracy of the information.

Pricing information is provided for informational purposes only and is not financial advice. Market data is provided by third parties and Phantom makes no representation as to the accuracy of the information.