USDx stablecoin (USDX) Price Hits $1.00 on Major Exchanges

USDx stablecoin (USDX) traded flat against the US dollar during the one day period ending at 17:00 PM E.T. on May 14th. One USDx stablecoin coin can currently be bought for $1.00 or 0.00008734 BTC on major exchanges. USDx stablecoin has a total market cap of $7.07 million and $5,513.00 worth of USDx stablecoin was traded on exchanges in the last 24 hours. Over the last week, USDx stablecoin has traded flat against the US dollar.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

  • USDX [Kava] (USDX) traded up 15.8% against the dollar and now trades at $0.82 or 0.00002783 BTC.
  • Steem Dollars (SBD) traded 0.9% higher against the dollar and now trades at $2.45 or 0.00008340 BTC.
  • Dollars (USDX) traded flat against the dollar and now trades at $0.17 or 0.00000432 BTC.
  • USDX [Lighthouse] (USDX) traded 0.9% lower against the dollar and now trades at $0.0212 or 0.00000072 BTC.
  • dForce USDx (USDX) traded flat against the dollar and now trades at $14,024,661.89 or 0.00001722 BTC.

USDx stablecoin Profile

USDx stablecoin is a distributed proof-of-stake (dPOS) coin that uses the SHA-256 hashing algorithm. It launched on March 27th, 2018. USDx stablecoin’s total supply is 7,079,559 coins. The official website for USDx stablecoin is dforce.network. The official message board for USDx stablecoin is medium.com/dforcenet. 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.

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 presently possible to buy alternative cryptocurrencies such as USDx stablecoin directly using US dollars. Investors seeking to trade USDx stablecoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy USDx stablecoin using one of the exchanges listed above.

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