# Meet USDX

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*USDX* is a synthetic USD stablecoin built for the crypto ecosystem. It offers a crypto-native stablecoin solution that does not rely on traditional banking infrastructure which is censorship-resistant, scalable, and highly stable. Furthermore, it provides a multiple-layer savings tool including funding rate and crypto ecosystem yield accessible worldwide in USD denomination.

*USDX* will ensure the stability of the peg through a delta-neutral portfolio strategy. At the same time, it will provide denominated returns to holders or ecosystem participants of *USDX*.

## **Tokens**

### ***USDX***

[***USDX***](https://docs.usdx.money/a-synthetic-usd/usdx-basics) is a synthetic USD stablecoin that employs a multicoin arbitrage strategy as backing, maintaining a delta neutral approximate dollar position through balanced trading across various digital assets. This token will be the focal point of liquidity provision in AMMs and CEX order books.

*USDX* peg stability is maintained by employing delta hedging strategies with derivatives positions, counterbalanced against collateral held by the protocol.

### *sUSDX (staked USDX)*

[***sUSDX***](https://docs.usdx.money/a-yield-bearing-token/staking-usdx) is the token representing staked *USDX*. Users are able to receive a portion of the protocol's generated yield by staking their *USDX* and receiving *sUSDX* automatically in return. *USDX* that is staked is not rehypothecated or otherwise utilized to independently generate the value accrual for *sUSDX*.&#x20;

*sUSDX* is a reward-bearing token, similar to *cbETH* and *rETH* in the case of ETH, meaning its value appreciates instead of its quantity increasing. This is unlike *stETH*, which modifies its total supply via rebasing.

## Features

### **Permissionless Acquire** *USDX*.&#x20;

Buy or sell USDX with stablecoins including *USDT*, *USDC* and *USDe* in Liquidity Pool (LP) Swaps.

### **Stake** *USDX* for *sUSDX*.&#x20;

Receive a proportionate share of the generated yield.

### Provide Liquidity & Lock LP Tokens.&#x20;

Earn X-Points rewards to claim token airdrops.

### Direct Mint USDX

Institutions can apply for direct minting rights. Upon successful completion of onboarding, whitelisted addresses can directly interact with the minting functions of the protocol.

### **Direct Redeem** *USDX*.&#x20;

Upon successful completion of onboarding, whitelisted addresses can deposit *USDX* and redeem into *USDT* in 7 days. For faster conversion into aforementioned stablecoins, users can exit positions through liquidity pools (LPs).

## Official Links

Stables Labs Website: <http://stableslabs.com>&#x20;

USDX Website: <https://usdx.money/>&#x20;

Twitter: <https://x.com/StablesLabs>&#x20;

DC: <https://discord.gg/stableslabs>&#x20;

TG: <https://t.me/StablesLabsTG>&#x20;

Medium: <https://medium.com/@StablesLabs>