About Hex Trust USD
USDX is an asset designed to be pegged to the USD, fully backed by at least a 1:1 amount of cash and cash-equivalent reserves and is available on multiple blockchains. Issued by Hex Trust issuance arm, HT Digital Asset, USDX brings a credible and reliable mediums of exchange to facilitate transactions across blockchain ecosystems. USDX is the perfect complement to Hex Trust’s vision: securing the permissionless future by building responsible digital asset solutions. What is the distribution model of USDX? USDX is distributed through a process known as minting. When Authorised Merchants deposit USD into the designated account, an equivalent amount of USDX is minted and sent to their digital wallet. What is the ratio between USD and USDX? For every USDX minted, there is at least 1 USD or an asset of equivalent fair value kept in reserve. What is the utility of the USDX token? Beyond being a stable store of value, USDX can be used in a variety of digital economy applications, from payments and settlement to smart contract interactions.
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Market Stats
Market Cap
$45.63M
-0.62%
FDV
Not enough data
Circ. Supply
46M USDX
Max Supply
Not enough data
Total Supply
46M USDX
Diluted Valuation
$45.65M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$11.75K
134.62%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.99
Price Change (1Y)
Not enough data
-1.13%
Additional details
Market details
USDX vs markets
↗ 14.37%
USDX vs BTC
↗ 15.35%
USDX vs ETH
↗ 30.97%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x7A486F809c952a6f8dEc8cb0Ff68173F2B8ED56c | |
Songbird | 0x4a771cc1a39fdd8aa08b8ea51f7fd412e73b3d2b | |
Ethereum | 0xf8750b54d86BE7aE9e32b4A0C826811198D63313 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.99 | ↘ 0.68% |
1 Day | $0.99 | ↘ 0.68% |
1 Week | $0.99 | ↘ 0.12% |
1 Month | $0.99 | ↘ 0.06% |
1 Year | $1.00 | ↘ 1.13% |
FAQ
We update our Hex Trust USD to USD currency in real-time. Get the live price of Hex Trust USD on Coinbase.
The current market cap of Hex Trust USD is $45.63M. A high market cap implies that the asset is highly valued by the market.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#2298
Contributors
31
Posts
31
% About Hex Trust USD
0.007%
Articles
0
X (Twitter)
51.58% bullish
Sentiment
4.7 ★
Highlights
31 unique individuals are talking about Hex Trust USD and it is ranked #2,298 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Hex Trust USD has an average sentiment score of 4.7 out of 5. Finally, Hex Trust USD is becoming less newsworthy, with 0 news articles published about Hex Trust USD.
On Twitter, people are mostly bullish about Hex Trust USD. There were 53.85% of tweets with bullish sentiment compared to 4.4% of tweets with a bearish sentiment about Hex Trust USD. 46.15% of tweets were neutral about Hex Trust USD. These sentiments are based on 190 tweets.
On Reddit, Hex Trust USD was mentioned in 0 Reddit posts and there were 0 comments about Hex Trust USD. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.