USDX is a price-stable token pegged to the US dollar at a 1:1 ratio via a smart contract. Simply put, 1 USDX = 1 USD. Each USDX token is collateralized with at least 200% worth of the core cryptocurrency, LHT. A smart contract controls the supply of a token. Due to its stability, USDX is very useful as a means of payments and savings. It can’t be lost, stolen or damaged.
USDX cryptocurrency is tailor-made for payments, which is why it has been made stable with a price pegged to the much-used USD. What’s more, if you don’t have a bank account (like the other 1.7 billion adults according to the World Bank), you can still make remittances using USDX. Your mobile number is enough to get you started. With a few taps in the USDX Wallet’s mobile phone application, money will be transferred within seconds to another user without any transaction fees.
We are focusing on cryptocurrency transfers, while our competitors prioritise fiat into crypto conversions. We offer a universal payment solution for everyone – from a crypto newbie to a crypto pro. We’re not aiming to become the only stablecoin, we’re aiming to become the best and the most used payment solution within a crypto transfers market.