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What is dForce USD (USX)?

USX is a decentralized stablecoin protocol designed to enable the creation of scalable and dependable stablecoins on the blockchain. The system allows users to mint and redeem USX stablecoins using various components such as the Liquidity Pool (Pool), Vault, and Peg Stability Module (PSM). It maintains price stability and liquidity through its architecture and integration with multiple DeFi platforms. Furthermore, USX supports cross-chain interoperability, facilitating smooth interactions with other blockchain networks.

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