Tag: synthetic stablecoin
What is Stables Labs USDX (USDX)? The Bitcoin-Powered Stablecoin Explained
Stables Labs USDX is a Bitcoin-backed synthetic stablecoin that uses delta-neutral hedging to stay pegged to $1 without relying on banks. Learn how it works, why it's different from USDT or DAI, and whether it's worth using.
What is Stables Labs USDX (USDX) Crypto Coin? A Clear Breakdown of the Synthetic Stablecoin
Stables Labs USDX is a synthetic stablecoin that uses Bitcoin and delta-neutral hedging to stay pegged to $1 - no bank reserves needed. But confusion over its transition from USDX.Money and low liquidity make it risky for most users.
