Profile
USDX profile facts
USDX (USDX) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Other coins using the USDX ticker
- Axis USD (USDx) · Active · US Dollar. USDx is Axis's synthetic dollar.
- Hex Trust USDX (USDX) · Active · US Dollar. USDX is Hex Trust's U.S. dollar stablecoin redeemable 1:1.
- Collateral
- Kava CDP collateral and protocol liquidity backing the legacy USDX debt token
- Peg mechanism
- Kava Mint CDPs issued USDX against crypto collateral; governance zeroed the CDP debt limits, ending new issuance. The $1 repayment credit applies to borrowers repaying Mint debt, not a general holder right to redeem USDX for a dollar; prices may differ
- Jurisdiction
- Not disclosed in the static profile.
- 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 USDX?
USDX is Kava Mint's legacy CDP dollar, now winding down: governance halted new minting, and it trades at a material discount to peg. The static profile records its US Dollar peg mechanism as: Kava Mint CDPs issued USDX against crypto collateral; governance zeroed the CDP debt limits, ending new issuance.
Is USDX safe?
As of Nov 8, 2026, Pharos grades USDX F (25/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found. 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 Aug 27, 2026 as 81.2% HBTC (Huobi BTC) CDP collateral, 7.8% BTCB (Binance BTC) CDP collateral, 3.9% XRPB (Binance XRP) CDP collateral, and 4 smaller holdings. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can USDX be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments. Live freeze and blacklist events for USDX, when applicable, appear in the live dossier on this page.
