DescriptionAn omni decentralized stablecoin protocol. USX is an omni-decentralized stablecoin, serving as a conduit to facilitate interoperability across multiple Ethereum and Bitcoin L1/L2s. USX unlocks seamless access to real yields backed by RWA, providing additional value to holders beyond price stability. USX also leverages AI technologies to enhance its functionalities and management

Category:crypto-backed

Minting and RedemptionUsing the dForce Network app, users mint USX by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back USX is burned. Users can borrow USX from whitelisted lending protocols which have had their USX liquidity issued algorithmically.