UXD is fully collateralized, delta-neutral, decentralized stablecoin.
UXD is a fully collateralized, decentralized stablecoin on Solana, backed by derivatives in delta-neutral positions, allowing efficient, permissionless minting without over-collateralization.
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What is UXD Stablecoin (UXD)?
UXD is a fully collateralized decentralized stablecoin secured by delta-neutral positions through derivatives trading. It is issued on Solana, a blockchain known for its speed, low cost, and permissionless nature. UXD represents a next-generation stablecoin that collaborates with leading derivative exchanges on Solana to maintain a delta-neutral stance that backs the stablecoin. Unlike traditional algorithmic stablecoins, UXD is fully backed 100% by collateral, ensuring that each UXD can always be redeemed for its equivalent USD value. It operates in a decentralized, non-custodial manner—no assets are held by the protocol—and allows permissionless minting and redemption. Additionally, UXD is capital-efficient, requiring only $1 worth of collateral to mint 1 UXD, avoiding over-collateraliza...
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UXD Stablecoin price live information
As of now, UXD Stablecoin is trading at 1.001231 USD, with a 24-hour trading volume of approximately 0 USD. The UXD to USD price is updated in real time. Over the past 24 hours, UXD Stablecoin has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 1.00M USD. Currently, there are 18 000 006 UXD in circulation out of a maximum supply of 1 000 000 UXD.
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