USX

USX is a stablecoin built on the Solana blockchain that is designed to maintain a value of one US dollar at all times. It is intended for both institutional users and everyday participants who need a reliable, dollar-pegged asset for trading, lending, payments, and other financial activity within the decentralized finance ecosystem. The problem it addresses is the need for a trusted dollar equivalent that can operate at Solana's speed and integrate composably with other protocols, rather than simply sitting idle in a reserve account.

USX is created through over-collateralization, meaning users deposit established stablecoins such as USDT or USDC — assets worth more than the USX being minted — so that every unit in circulation is backed one-to-one by those underlying assets. This collateral structure is designed to absorb price fluctuations in the backing assets without breaking the dollar peg. USX lives natively on Solana, where it is intended to serve as a liquidity layer that other protocols can plug into directly.

The data provided does not include a fee stream for USX, meaning there is no recorded revenue, fee collection, or protocol earnings available on this site. For a stablecoin of this type, the economic activity is primarily expressed through supply levels and turnover rather than a fee-based income statement. The 30-day average volume relative to market capitalization stands at 0.80559, and the 24-hour turnover ratio is 0.223433, both of which reflect how actively the circulating supply of approximately 209,330,450 USX is being used rather than any fees generated.