USDx stablecoin Achieves Market Cap of $7.07 Million (USDX)

USDx stablecoin (CURRENCY:USDX) traded 0.3% lower against the US dollar during the twenty-four hour period ending at 23:00 PM E.T. on September 25th. One USDx stablecoin coin can now be bought for about $1.00 or 0.00008734 BTC on popular exchanges. USDx stablecoin has a total market capitalization of $7.07 million and $5,513.00 worth of USDx stablecoin was traded on exchanges in the last day. During the last week, USDx stablecoin has traded down 0.3% against the US dollar.

Here is how similar cryptocurrencies have performed during the last day:

  • USDX [Kava] (USDX) traded up 0.1% against the dollar and now trades at $0.98 or 0.00002326 BTC.
  • Steem Dollars (SBD) traded 1.6% lower against the dollar and now trades at $6.18 or 0.00014678 BTC.
  • USDX [Lighthouse] (USDX) traded 2.3% lower against the dollar and now trades at $3.07 or 0.00007302 BTC.
  • Dollars (USDX) traded 6.4% higher against the dollar and now trades at $0.17 or 0.00000432 BTC.
  • dForce USDx (USDX) traded down 0% against the dollar and now trades at $0.99 or 0.00002159 BTC.

USDx stablecoin Profile

USDx stablecoin (USDX) is a distributed proof-of-stake (dPOS) coin that uses the SHA-256 hashing algorithm. Its launch date was March 27th, 2018. USDx stablecoin’s total supply is 7,079,559 coins. USDx stablecoin’s official website is dforce.network. The Reddit community for USDx stablecoin is https://reddit.com/r/dForceNetwork and the currency’s Github account can be viewed here. USDx stablecoin’s official Twitter account is @USDXwallet and its Facebook page is accessible here. The official message board for USDx stablecoin is medium.com/dforcenet.

According to CryptoCompare, “USDX is a stablecoin, pegged to the US dollar in a 1:1 ratio. It is backed by LHT – the core cryptocurrency of USDX Wallet. USDX can be quickly and with no fees exchanged to LHT via USDX Wallet app. The combination of the LHT token and USDX stablecoin is boosting global cryptocurrency usage and increasing its safety.  USDX Wallet is a blockchain-based transfer money mobile app that enables instant transactions with no borders, intermediaries and fees. The USDX Wallet app guarantees multi-level security for all transactions and instant transfers of assets by username, phone number or QR code. USDX Wallet is based on the exclusive Lighthouse Blockchain. This blockchain is built using tried-and-tested Graphene technology, which provides stability, security and high performance (100,000 transactions per second). To access the USDX whitepaper, please click here. “

Buying and Selling USDx stablecoin

It is usually not possible to purchase alternative cryptocurrencies such as USDx stablecoin directly using US dollars. Investors seeking to trade USDx stablecoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase USDx stablecoin using one of the exchanges listed above.

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