Profile
USDX profile facts
Hex Trust USDX (USDX) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
Other coins using the USDX ticker
- Axis USD (USDx) · Active · US Dollar. USDx is Axis's synthetic dollar.
- USDX (USDX) · Active · US Dollar. USDX is Kava Mint's legacy CDP dollar.
- Collateral
- Cash and cash equivalents, primarily 1 to 3 month U.S. Treasury bills held at global tier-1 financial institutions
- Peg mechanism
- Direct 1:1 redemption through Hex Trust for approved parties
- Jurisdiction
- Hong Kong
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDX quick answers
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What is Hex Trust USDX (USDX)?
USDX is Hex Trust's U.S. dollar stablecoin redeemable 1:1, backed by 1-3 month U.S. Treasury bills and cash at tier-1 banks under Hong Kong issuer disclosures. The static profile records its US Dollar peg mechanism as: Direct 1:1 redemption through Hex Trust for approved parties.
Is USDX safe?
As of Oct 24, 2026, Pharos grades USDX F (36/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs USDX?
Pharos records USDX's reserves as of Jul 28, 2026 as 100% U.S. Treasuries, cash, and cash equivalents. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Real-World Asset Backed.
Can USDX be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDX, when applicable, appear in the live dossier on this page.
How do you redeem USDX?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem USDX for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
