{"id":"usdxmoney-usdx","title":"usdx.money USDX","content":"**USDX.Money USDX** is a synthetic [stablecoin](https://iq.wiki/wiki/stablecoin), now powered by Stables Labs, and is pegged to the US dollar. It is designed for use within the [Bitcoin](https://iq.wiki/wiki/bitcoin) [blockchain](https://iq.wiki/wiki/blockchain) ecosystem, providing an alternative to traditional stablecoins that depend on banking infrastructure. USDX employs a delta-neutral portfolio strategy to maintain its peg stability, operating independently of [centralized financial](https://iq.wiki/wiki/cefi-centralized-finance) systems.[\\[1\\]](#cite-id-4pgiix8q88e)[\\[2\\]](#cite-id-5scbm41d484)[\\[4\\]](#cite-id-dnd8m7bs16e)[\\[6\\]](#cite-id-ep4qxfyo2tk)\n\n## Overview\n\nUSDX serves as a synthetic USD [stablecoin](https://iq.wiki/wiki/stablecoin) that maintains a stable value by utilizing delta-neutral hedging. This ensures that fluctuations in the underlying [collateral](https://iq.wiki/wiki/collateral), such as [Bitcoin](https://iq.wiki/wiki/bitcoin), do not impact the value of USDX. The protocol is structured to generate yield and operate independently from conventional financial infrastructure.[\\[1\\]](#cite-id-4pgiix8q88e)[\\[2\\]](#cite-id-5scbm41d484)[\\[4\\]](#cite-id-dnd8m7bs16e)[\\[5\\]](#cite-id-p2gf9uoqf7n)[\\[6\\]](#cite-id-ep4qxfyo2tk)[\\[7\\]](#cite-id-hbffdw535ve)\n\n$$widget0 [YOUTUBE@VID](2xmM_RgoLPI)$$\n\n## Stable Labs Evolution\n\nFollowing the transition from usdx.money to Stable Labs, there have been significant updates to the protocol’s incentive structure and product offerings. This phase features the launch of USD0x, a new stablecoin, and a revamped rewards system built around S-Points, which replace the previous X-Points at a 1:1 ratio. S-Points are distributed daily and serve as the central mechanism for ecosystem rewards.\n\nSeason 2 also debuts an Epoch System, with 14-day reward cycles and 20% point multipliers, promoting consistent engagement. A referral program has been updated to offer 10% daily S-Point rewards for users who invite at least 10 active participants. Engagement incentives are now extended across both the USDX and USD0x dApps, with users earning rewards through holding or interacting with assets within the Stable Labs ecosystem.  [\\[8\\]](#cite-id-IPIlI3U8tY)\n\n## Tokens\n\n#### USDX\n\nUSDX is backed by [Bitcoin](https://iq.wiki/wiki/bitcoin) and maintained through hedging strategies that create a delta-neutral position. This [stablecoin](https://iq.wiki/wiki/stablecoin) is integral to [liquidity provision](https://iq.wiki/wiki/liquidity-providers) in both [Automated Market Makers (AMMs)](https://iq.wiki/wiki/automated-market-maker) and [Centralized Exchanges (CEXs)](https://iq.wiki/wiki/cex-centralized-exchange).\n\n#### sUSDX (Staked USDX)\n\nsUSDX represents staked USDX and accrues a portion of the protocol’s yield. Unlike some [staking](https://iq.wiki/wiki/staking) mechanisms, sUSDX does not rely on increasing supply through rebasing; instead, its value appreciates over time.\n\n##### Features\n\n* **Permissionless Acquisition**: USDX can be bought or sold using [stablecoins](https://iq.wiki/wiki/stablecoin) such as [USDT](https://iq.wiki/wiki/tether) or [USDC](https://iq.wiki/wiki/usdc) in [liquidity pools](https://iq.wiki/wiki/liquidity-pool).\n* **Staking**: [Staking](https://iq.wiki/wiki/staking) USDX generates sUSDX, which entitles holders to a portion of the protocol’s yield.\n* **Liquidity Provision**: Users can contribute to USDX [liquidity pools](https://iq.wiki/wiki/liquidity-pool) and lock LP tokens to earn rewards.\n* **Direct Minting**: [Bitcoin](https://iq.wiki/wiki/bitcoin) can be deposited as collateral to mint USDX, subject to [KYC](https://iq.wiki/wiki/know-your-customer-kyc)/KYB verification.\n* **Direct Redemption**: USDX can be redeemed for [Bitcoin](https://iq.wiki/wiki/bitcoin), also requiring [KYC](https://iq.wiki/wiki/know-your-customer-kyc)/KYB verification.[\\[1\\]](#cite-id-4pgiix8q88e)[\\[2\\]](#cite-id-5scbm41d484)[\\[3\\]](#cite-id-y5qfxxbxc0c)[\\[5\\]](#cite-id-p2gf9uoqf7n)[\\[7\\]](#cite-id-hbffdw535ve)\n\n## Peg Stability Mechanism\n\nUSDX employs a delta-neutral hedging strategy, ensuring that collateralized positions are balanced with short positions in derivatives markets. This helps maintain the value of USDX even when market conditions fluctuate. By offsetting potential risks from Bitcoin price movements, USDX remains stable for use as a medium of exchange or store of value.\n\n#### Yield Generation\n\nThe protocol’s yield is generated through funding and basis spreads derived from its delta hedging positions. This yield depends on market conditions, and if funding rates become negative, the USDX.Money insurance fund is designed to absorb any resulting losses.\n\n#### Risk Management\n\nUSDX.Money has identified various risks associated with its design, including:\n\n* Smart Contract Risk\n* External Platform Risk\n* Liquidity Risk\n* Custodial Operational Risk\n* Exchange Counterparty Risk\n* Market Risk\n\nTo mitigate these risks, the protocol employs custodians, maintains diversified collateral, and ensures transparency through on-chain proof of backing assets and hedging positions.[\\[1\\]](#cite-id-4pgiix8q88e)[\\[2\\]](#cite-id-5scbm41d484)[\\[5\\]](#cite-id-p2gf9uoqf7n)[\\[7\\]](#cite-id-hbffdw535ve)\n\n## Staking Mechanism\n\nWhen [Bitcoin](https://iq.wiki/wiki/bitcoin) is deposited as collateral, USDX.Money opens a corresponding short position in a derivatives market to hedge the collateral’s value. This ensures that the system remains delta-neutral and minimizes exposure to counterparty risk. The collateral remains on-chain and is secured through off-exchange settlement.\n\n#### sUSDX and Staking\n\nStaked USDX is represented by sUSDX, another [ERC-20](https://iq.wiki/wiki/erc-20) token which accumulates value based on the yield generated by the protocol. The [staking](https://iq.wiki/wiki/staking) process does not involve lending or rehypothecating the staked assets. Instead, the value of sUSDX naturally increases over time, reflecting the accrued yield.\n\n##### Key Information\n\n* **Permissionless Liquidity**: USDX can be traded in decentralized [liquidity pools](https://iq.wiki/wiki/liquidity-pool).\n* **Restricted Minting and Redemption**: [Minting](https://iq.wiki/wiki/minting) and redeeming USDX is available only to approved entities that pass [KYC](https://iq.wiki/wiki/know-your-customer-kyc)/KYB screening.\n* **Cross-Market Arbitrage**: Arbitrage opportunities are available by [minting](https://iq.wiki/wiki/minting) and redeeming USDX through external markets, such as [Binance](https://iq.wiki/wiki/binance) or [Curve](https://iq.wiki/wiki/curve-finance).[\\[1\\]](#cite-id-4pgiix8q88e)[\\[2\\]](#cite-id-5scbm41d484)[\\[3\\]](#cite-id-y5qfxxbxc0c)[\\[5\\]](#cite-id-p2gf9uoqf7n)[\\[7\\]](#cite-id-hbffdw535ve)\n\n$$widget0 [YOUTUBE@VID](l6_xbZt4ITc)$$","summary":"USDX.money USDX is a synthetic stablecoin, pegged to the US dollar, using delta-neutral strategies within the Bitcoin and blockchain ecosystem.","images":[{"id":"Qmd1PqrqMjM61EJbt7aBFNzkKTTX3QK2JFneiY5eBtvwF6","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Stablecoins"}],"media":[{"id":"QmQU5UYESMrWVf2hmcxcMRtnrNK1Fiiz9ZEfR3DYTZip3F","size":"0.01","name":"Design sem nome (3).png","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmSjFQgaqjA1SbMV5prisP7RJQCsCbfM8UPwe1CUqpajwz","size":"0.01","name":"download.png","type":"GALLERY","source":"IPFS_IMG"},{"id":"https://www.youtube.com/watch?v=2xmM_RgoLPI","size":"0","name":"2xmM_RgoLPI","type":null,"source":"YOUTUBE"},{"id":"https://www.youtube.com/watch?v=l6_xbZt4ITc","size":"0","name":"l6_xbZt4ITc","type":null,"source":"YOUTUBE"},{"id":"QmSsue1PyX3exdAQ9S4nGgqRcamNL7L2GUjzs7iLtYhpTH","size":"1.84","name":"image.webp","type":"GALLERY","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[{\"id\":\"4pgiix8q88e\",\"url\":\"https://docs.usdx.money/\",\"description\":\"Meet USDX\\n\",\"timestamp\":1727904534330},{\"id\":\"5scbm41d484\",\"url\":\"https://docs.usdx.money/a-synthetic-usd/usdx-basics\",\"description\":\"USDX Basics\\n\",\"timestamp\":1727904576610},{\"id\":\"y5qfxxbxc0c\",\"url\":\"https://docs.usdx.money/a-yield-bearing-token/staking-usdx\",\"description\":\"Staking USDX\\n\",\"timestamp\":1727904648082},{\"id\":\"dnd8m7bs16e\",\"url\":\"https://usdx.money/\",\"description\":\"Website\",\"timestamp\":1727904689370},{\"id\":\"p2gf9uoqf7n\",\"url\":\"https://www.coingecko.com/en/coins/usdx-money-usdx\",\"description\":\"About\",\"timestamp\":1727904729603},{\"id\":\"ep4qxfyo2tk\",\"url\":\"https://www.youtube.com/watch?v=l6_xbZt4ITc\",\"description\":\"Unlocking Financial Freedom A Deep Dive into USDX.money\\n\",\"timestamp\":1727904770778},{\"id\":\"hbffdw535ve\",\"url\":\"https://www.youtube.com/watch?v=2xmM_RgoLPI\",\"description\":\"Unlocking the Benefits of USDX A Comprehensive Guide\\n\",\"timestamp\":1727904822099},{\"id\":\"IPIlI3U8tY\",\"description\":\"Medium: Stables Labs Season 2 is Live! A Game-Changer for Stablecoins!\",\"timestamp\":1751842644666,\"url\":\"https://medium.com/@StablesLabs/stables-labs-season-2-is-live-a-game-changer-for-stablecoins-7a7c2a2f0dc5\"}]"},{"id":"website","value":"https://usdx.money/"},{"id":"twitter_profile","value":"https://x.com/StablesLabs"},{"id":"discord_profile","value":"https://discord.com/invite/stableslabs"},{"id":"telegram_profile","value":"https://t.me/StablesLabsTG"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/usdx-money-usdx"},{"id":"medium_profile","value":"https://medium.com/@StablesLabs"},{"id":"etherscan","value":"https://etherscan.io/token/0xf3527ef8de265eaa3716fb312c12847bfba66cef"},{"id":"arbiscan","value":"https://arbiscan.io/token/0xf3527ef8de265eaa3716fb312c12847bfba66cef"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/usdx-money/"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmaejqzogxUn31SDvz6WFHXFfGJS67L9L7GxkmfLkba8mN\""},{"id":"commit-message","value":"\"docs: Add founder (flex-yang) and operator information\""},{"id":"previous_cid","value":"QmaejqzogxUn31SDvz6WFHXFfGJS67L9L7GxkmfLkba8mN"}],"events":[{"id":"5308456c-1644-4570-b64b-69b528e9c51c","date":"2024-06","title":"Founded Date","type":"CREATED","description":"USDX.Money USDX was founded"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum"],"founders":["flex-yang"],"speakers":[]},"operator":{"id":"0xbc74F7Beea348c97350e4DBc49227A5Ee7d27D3e"}}