About UXD Stablecoin

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...