What is Usdx Kava

Article Summary, Automatically Generated By AI

Summary

  • USDX is the native stablecoin of the Kava DeFi hub.
  • It is crypto-backed.
  • Anyone can deposit digital assets as collateral on Kava to mint USDX tokens.


Numbers and Figures:

  • None


Case Studies/Anecdotes/Examples:

  • None


Vital Takeaways/Insights/Conclusions:

  • USDX is a crypto-backed stablecoin.
  • Kava allows users to deposit digital assets as collateral to mint USDX tokens.

About USDX (Kava’s Stablecoin)

USDX is the crypto-collateralized native stablecoin of the Kava decentralized finance (DeFi) hub. As stated by Kava Labs, “Anyone globally can deposit digital assets as collateral on Kava, thereby utilizing their balance to mint USDX tokens.”

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