{"id":"hex-trust-usd","title":"Hex Trust USD","content":"**Hex Trust USD (USDX)** is a multi-chain [stablecoin](https://iq.wiki/wiki/stablecoin) designed to maintain a 1:1 peg with the United States dollar. It is issued by HT Digital Asset, the issuance arm of the institutional digital asset custodian [Hex Trust](https://iq.wiki/wiki/hex-trust). USDX operates as a fiat-collateralized [stablecoin](https://iq.wiki/wiki/stablecoin), fully backed by reserves of cash and cash equivalents, and aims to provide a credible and reliable medium of exchange for transactions across various [blockchain](https://iq.wiki/wiki/blockchain) ecosystems. [\\[1\\]](#cite-id-S6drysucGTcCe9kR) [\\[2\\]](#cite-id-fXdph5IuFI6ErkfW)​\n\n## Overview\n\nHex Trust USD was created to meet the growing demand for a compliant, transparent, and secure stablecoin within the digital asset market. The project's core principle is to be fully backed at all times by reserves held at a minimum 1:1 ratio against the circulating supply of USDX tokens. The issuer, HT Digital Asset, is responsible for managing the issuance and redemption processes and ensuring the integrity of the reserves that back the stablecoin. [\\[1\\]](#cite-id-S6drysucGTcCe9kR)​\n\nUSDX is positioned as an institutional-grade financial instrument. Its issuance and redemption mechanisms are permissioned, available only to [Know Your Customer (KYC)](https://iq.wiki/wiki/know-your-customer-kyc) and [Anti-Money Laundering (AML)](https://iq.wiki/wiki/anti-money-laundering-aml) vetted institutional and accredited investor clients. This focus on compliance and institutional adoption is a key differentiator, aligning with the broader strategy of its parent company, [Hex Trust](https://iq.wiki/wiki/hex-trust), which specializes in providing regulated custody services for digital assets. The [stablecoin's](https://iq.wiki/wiki/stablecoin) multi-chain architecture allows it to operate natively on several [blockchains](https://iq.wiki/wiki/blockchain), facilitating seamless asset transfer and interaction within different [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) ecosystems without relying on third-party bridges for its core functionality. [\\[2\\]](#cite-id-fXdph5IuFI6ErkfW) [\\[1\\]](#cite-id-S6drysucGTcCe9kR)​\n\n## Technology and Architecture\n\n#### Reserve Composition and Custody\n\nThe reserves backing USDX are composed of highly liquid, low-risk assets, including cash, cash equivalents, and U.S. Treasury bills. This conservative asset allocation strategy is intended to minimize the risk of the reserve value falling below the total value of the circulating supply. The issuer, HT Digital Asset, states that the reserves are maintained at a minimum 1:1 ratio with the circulating USDX supply.  [\\[1\\]](#cite-id-S6drysucGTcCe9kR)​\n\nTo ensure the security and segregation of these assets, the reserves are held in dedicated accounts with regulated and insured financial institution partners. The management and custody of these reserves are handled by Hex Trust, which is a licensed digital asset custodian holding five regulatory licenses across various jurisdictions. This structure separates the reserve assets from the operational funds of both HT Digital Asset and Hex Trust, a standard practice for reducing counterparty risk. [\\[1\\]](#cite-id-S6drysucGTcCe9kR) [\\[2\\]](#cite-id-fXdph5IuFI6ErkfW)​\n\n### Multi-Chain Functionality\n\nA key feature of USDX is its native deployment on multiple [blockchain](https://iq.wiki/wiki/blockchain) networks. Unlike bridged assets, which are \"wrapped\" versions of a token from one chain to another, native deployment means that the USDX [smart contract](https://iq.wiki/wiki/smart-contract) exists independently on each supported [blockchain](https://iq.wiki/wiki/blockchain). This architecture allows for more efficient and secure transfers between ecosystems. [\\[1\\]](#cite-id-S6drysucGTcCe9kR)​\n\n## Ecosystem and Adoption\n\n### Role of Hex Trust\n\nAs the parent company, Hex Trust provides the institutional foundation for USDX. [Hex Trust](https://iq.wiki/wiki/hex-trust) is an established digital asset custodian with over $5 billion in assets under custody and a client base of more than 370 institutions, including banks and other financial firms. This existing network provides a natural user base for USDX, as these institutional clients can use the [stablecoin](https://iq.wiki/wiki/stablecoin) for settlement, treasury management, and as on-chain collateral within the secure environment provided by [Hex Trust](https://iq.wiki/wiki/hex-trust). The custodian's regulatory licenses and institutional-grade infrastructure lend credibility and trust to the [stablecoin](https://iq.wiki/wiki/stablecoin). [\\[1\\]](#cite-id-S6drysucGTcCe9kR) [\\[2\\]](#cite-id-fXdph5IuFI6ErkfW)​\n\n### DeFi and Yield Generation\n\nTo enhance the utility of USDX, HT Digital Asset has pursued partnerships with [DeFi](https://iq.wiki/wiki/defi) protocols. A notable integration is with Clearpool, a decentralized credit marketplace. Through this partnership, USDX holders can deposit their [stablecoins](https://iq.wiki/wiki/stablecoin) into dedicated investment vaults. These vaults provide liquidity to financial instruments, such as U.S. Treasury Bills, allowing USDX holders to earn a passive yield on their assets. This creates an incentive for holding USDX beyond its use as a simple medium of exchange. [\\[1\\]](#cite-id-S6drysucGTcCe9kR) [\\[3\\]](#cite-id-QVIAzHEZRKjUNf7J) \n\n### Market Availability\n\nUSDX is available for trading on a number of [centralized](https://iq.wiki/wiki/cex-centralized-exchange) and [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange), which provides liquidity and accessibility for a broader range of users. As of early 2026, platforms where USDX could be traded included:\n\n* [BitMart](https://iq.wiki/wiki/bitmart)\n* Curve\n* Sparkdex [\\[1\\]](#cite-id-S6drysucGTcCe9kR)","summary":"Hex Trust USD (USDX) is a multi-chain stablecoin pegged 1:1 to the US dollar. Issued by HT Digital Asset, part of Hex Trust, it is fully backed by cash and cash...","images":[{"id":"QmRaPQTPMk4ZHDXMrS92QWqEKCshNTFPGBjuuYDtePMoJE","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"tags":[{"id":"Ethereum"},{"id":"Protocols"},{"id":"Stablecoins"},{"id":"Blockchains"}],"media":[],"metadata":[{"id":"references","value":"[{\"id\":\"S6drysucGTcCe9kR\",\"url\":\"https://www.htdigitalassets.com/\",\"description\":\"Hex Trust USD (USDX) project analysis\",\"timestamp\":1773550663407},{\"id\":\"fXdph5IuFI6ErkfW\",\"url\":\"https://www.linkedin.com/company/hextrust/\",\"description\":\"Hex Trust company information on LinkedIn\",\"timestamp\":1773550663407},{\"id\":\"QVIAzHEZRKjUNf7J\",\"description\":\"Medium - Clearpool To Launch Yield Vault For Hex Trust’s New Stablecoin USDX On Flare\",\"timestamp\":1773551152980,\"url\":\"https://clearpool.medium.com/clearpool-to-launch-yield-vault-for-hex-trusts-new-stablecoin-usdx-on-flare-59bc960f42ae\"}]"},{"id":"website","value":"https://www.htdigitalassets.com/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/hex-trust-usdx"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/hextrust/"},{"id":"etherscan","value":"https://etherscan.io/token/0xf8750b54d86BE7aE9e32b4A0C826811198D63313"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmcbN1e8VXRmFMABBdDCw2uoFtdsA2QoUjUjJDeG853L5A\""},{"id":"commit-message","value":"\"Updated content and added 2 events\""},{"id":"previous_cid","value":"QmcbN1e8VXRmFMABBdDCw2uoFtdsA2QoUjUjJDeG853L5A"}],"events":[{"date":"2018-01-01","title":"Hex Trust Founded","type":"CREATED","description":"Hex Trust, the parent company of USDX issuer HT Digital Asset, was founded by Alessio Quaglini and Rafal Czerniawski.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"4ea392ce-1272-4783-8d3e-8904e8657942"},{"date":"2023-12-01","title":"Security Audit by Hacken","type":"DEFAULT","description":"The USDX stablecoin underwent a security audit conducted by Hacken.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"d4b91827-97f9-47f6-8658-2e5b5ca1d5d6"},{"date":"2024-08-01","title":"Security Audit by Halborn","type":"DEFAULT","description":"The USDX stablecoin underwent a security audit conducted by Halborn.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null,"id":"346b982b-41f1-4c7d-a165-223aa1e127b2"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8AF7a19a26d8FBC48dEfB35AEfb15Ec8c407f889"},"operator":{"id":"0x1E23b34d3106F0C1c74D17f2Cd0F65cdb039b138"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","flare"],"founders":[],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"59602839-66fb-4ed6-ba09-668c37b1e054\",\"title\":\"Hex Trust USD\",\"description\":\"Hex Trust USD (USDX) is a multi-chain stablecoin pegged 1:1 to the US dollar. 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