Hex Trust USD

Hex Trust USD, trading under the symbol USDX, is a digital asset issued by Hex Trust that is designed to maintain a stable value relative to the US dollar. Its purpose is to give users a way to hold and transfer dollar-denominated value within digital asset ecosystems without the price swings associated with most cryptocurrencies. It is aimed at institutions and individuals who want dollar exposure in a form that can move on digital rails.

The data on file does not specify a consensus algorithm, block time, or the underlying blockchain network on which USDX operates, so a precise mechanical description is not possible from the available records. What is known is that USDX is classified as a stablecoin-adjacent instrument in the 'other digital asset' category, and its circulating supply of 25,636,661.407543078 tokens represents 100 percent of the supply issued at this point in time, meaning no additional tokens are held back by the protocol according to the stored metrics. The token's role inside any system it is used within would typically be as a unit of account or settlement medium pegged to one US dollar.

The data provided contains no fee stream, revenue figures, or protocol earnings information for USDX. This means that fee-based measures such as protocol revenue, fee yield, or earnings ratios that this site may calculate for other assets cannot be populated for USDX and should be treated as not applicable rather than as zero by default. The economics of a USD-pegged asset of this type would ordinarily depend on the issuer's custody or redemption arrangements, but none of that detail is present in the stored data.