The distributed synthetic stablecoin project USDX (usdx.money) has a total TVL exceeding 180 million USD

ChainCatcher news, the total TVL of the distributed synthetic stablecoin project USDX (usdx.money) has exceeded 180 million USD.

It is reported that USDX is a new type of synthetic stablecoin that hedges the dollar value by exposing various collateral held by the protocol and captures funding rate returns.

The project has completed its pre-launch goals. Currently, the project has been deployed on Ethereum, Arbitrum, and BNB Chain, and has opened the DApp and leaderboard access to the public.