USDX (USDX) stablecoin analytics
Answer First
What is USDX?
USDX is Kava Mint's legacy CDP dollar, sustained by crypto-collateralized debt positions and currently trading at a material discount to peg. The static profile records its US Dollar peg mechanism as: Kava Mint overcollateralized debt positions issue USDX against crypto collateral, with liquidations and protocol parameters intended to defend the peg
Is USDX safe?
Pharos does not assess USDX as safe: it holds an F Safety Score grade (9/100) in the latest published rating, which flags significant structural risk. Static metadata says USDX uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
USDX (USDX) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Sep 7, 2026
Kava USDX is the legacy Kava Mint CDP debt token, backed by crypto collateral and liquidation mechanics, and it trades at a deep discount to the dollar; Pharos keeps it in the catalog as a live depeg case rather than a healthy par dollar. The live CDP inventory is readable on-chain and is dominated by HBTC, the Huobi-wrapped bitcoin, with BTCB, XRPB, KAVA, BNB, and a sliver of stablecoins behind it, and the collateral value still exceeds outstanding supply. That is why backing is the strongest of the three...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- Kava CDP collateral and protocol liquidity backing the legacy USDX debt token
- Peg Mechanism
- Kava Mint overcollateralized debt positions issue USDX against crypto collateral, with liquidations and protocol parameters intended to defend the peg
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Osmosis.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdx-kava
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
USDX quick answers
What is USDX?
USDX is Kava Mint's legacy CDP dollar, sustained by crypto-collateralized debt positions and currently trading at a material discount to peg. The static profile records its US Dollar peg mechanism as: Kava Mint overcollateralized debt positions issue USDX against crypto collateral, with liquidations and protocol parameters intended to defend the peg
Is USDX safe?
Pharos does not assess USDX as safe: it holds an F Safety Score grade (9/100) in the latest published rating, which flags significant structural risk. Static metadata says USDX uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDX?
Pharos classifies USDX backing as Crypto-Collateralized. Collateral, per the static profile: Kava CDP collateral and protocol liquidity backing the legacy USDX debt token Reserve evidence: live reserve feed configured.
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 dossier below.
