Stables Labs USDX

USDX Price

About Stables Labs USDX (USDX)

Stables Labs USDX is a crypto-native synthetic stablecoin designed to maintain a stable value relative to the US Dollar through a delta-neutral portfolio strategy.

• Synthetic Architecture: Utilizes a multicoin arbitrage strategy to maintain its peg without relying on traditional banking infrastructure.
• Delta-Neutral Stability: Employs delta hedging strategies with derivative positions to counterbalance collateral volatility.
• Yield Generation: Offers a staked variant, sUSDX, which captures protocol-generated returns from funding rates and ecosystem yield.

What Is Stables Labs USDX

Stables Labs USDX is a synthetic asset that functions as a stablecoin within the decentralized finance (DeFi) ecosystem. Its primary value proposition is providing a censorship-resistant and scalable dollar-denominated asset that bridges the gap between decentralized, centralized, and traditional finance.

Value moves through the system via institutional minting and redemption, as well as retail participation in liquidity pools. The token is 'put to work' primarily through its integration into automated market makers (AMMs) and staking mechanisms. As the ecosystem grows, the protocol scales by increasing its delta-neutral positions across multiple digital assets and exchanges, allowing for greater supply without the constraints of traditional fiat reserves.

What Makes Stables Labs USDX Unique

• Bank-Independent Stability: Unlike fiat-backed stablecoins, USDX does not require direct access to the legacy banking system for its core stability mechanism.
• Multicoin Arbitrage Backing: The peg is maintained through balanced trading across various digital assets rather than a single collateral type.
• Reward-Bearing Staking: The sUSDX token is a reward-bearing asset where value appreciates relative to USDX, similar to liquid staking derivatives like cbETH, rather than increasing in quantity through rebasing.

What Can You Use Stables Labs USDX for?

Stables Labs USDX is pegged to the US Dollar. Based on official documentation, the token serves the following four primary use cases:

1. Value retention: USDX allows users to hold a digital, on-chain representation of the US Dollar, providing a mechanism to reduce exposure to broader cryptocurrency market volatility.
2. Yield generation: Users can stake USDX to receive sUSDX, which accrues a proportionate share of protocol-generated yield derived from funding rates and crypto-native yield strategies.
3. Cross-border settlement / value transfer: As a crypto-native asset, USDX facilitates international value transfer and global trade by enabling frictionless, dollar-denominated transactions across supported blockchain networks.
4. Collateralization: USDX is designed for use as a focal point of liquidity in AMMs and as collateral within decentralized borrowing and lending protocols.

How Does Stables Labs USDX Work?

The technical mechanism of USDX relies on delta hedging. To maintain the peg, the protocol maintains a delta-neutral position by balancing spot collateral with offsetting derivatives positions (short positions) on centralized and decentralized exchanges. This ensures that the total value of the protocol's backing remains stable regardless of whether the underlying crypto asset prices rise or fall.

Transactions involving USDX occur on various Layer 1 and Layer 2 networks. While USDX itself is an application utility token used for stability and yield, users must pay transaction fees in the native asset of the specific network they are using (e.g., ETH on Ethereum or BNB on BNB Chain) to move or swap the token.

Team Info and Investors

Stables Labs USDX is developed by Stables Labs. The protocol's governance structure involves a whitelisting process for institutional participants, who are granted direct minting and redemption rights after successful onboarding. While the source material highlights institutional integration, specific details regarding early venture backing or individual founder backgrounds are not specified in the available documentation.

Where can you buy Stables Labs USDX?

USDX tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Stables Labs USDX is PancakeSwap V3 (BSC), where the most active trading pair USDX/WBNB has a trading volume of $16.19 in the last 24 hours.

What is the daily trading volume of Stables Labs USDX (USDX)?

The trading volume of Stables Labs USDX (USDX) is $16.18 in the last 24 hours, representing a -23.40% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Stables Labs USDX (USDX)?

Stables Labs USDX (USDX) reached an all-time high of $1.06 and an all-time low of $0.007268. It’s now trading -99.20% below that peak and 22.80% above its lowest price.

What is the market cap of Stables Labs USDX (USDX)?

Market capitalization of Stables Labs USDX (USDX) is $6,106,190 and is ranked #1608 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDX tokens (680 Million tokens are tradable on the market today).

What is the fully diluted valuation of Stables Labs USDX (USDX)?

The fully diluted valuation (FDV) of Stables Labs USDX (USDX) is $6,106,190. This is a statistical representation of the maximum market cap, assuming total number of 680 Million ETH tokens are in circulation today.

How does the price performance of Stables Labs USDX compare against its peers?

With a price increase of 1.50% in the last 7 days, Stables Labs USDX (USDX) is underperforming the global cryptocurrency market which is up 10.90%, while outperforming when compared to similar Stablecoins cryptocurrencies which are up 0.70%.

How to add Stables Labs USDX (USDX) to MetaMask?

Adding Stables Labs USDX (USDX) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import USDX as a token. You can copy USDX’s contract address (0xf3527ef8de265eaa3716fb312c12847bfba66cef) and import it manually, or if you've installed MetaMask's chrome extension, add USDX to MetaMask with one click on CoinGecko.

Add USDX to MetaMask.