Why USDX exists
Dollar stablecoins are the foundational infrastructure of global digital finance. Yet existing solutions leave critical gaps in transparency, architecture, and trust. USDX was built to close them.
The structural gaps
Existing stablecoins publish periodic reserve reports — leaving days or weeks of unverifiable exposure between publications. Cross-chain bridges introduce supply inconsistencies and custody risk. KYC and sanctions compliance are layered on after the fact, not built into the protocol. Redemption terms are vague. Governance is opaque.
The USDX approach
USDX publishes cryptographically-verifiable reserve snapshots continuously, with every on-chain proof anchored to auditable attestations. A native burn-and-mint architecture maintains supply integrity across 11 EVM networks with zero bridge dependencies. Compliance is structural. Redemption SLAs are defined and published. Governance uses a 48-hour timelock.
How the dollar is held
Every USDX token is backed by verified, liquid assets held across regulated custodians. The reserve composition is defined by governance policy, enforced structurally, and published continuously.
Invariant: Total reserves must be ≥ total supply at all times. This is not a target — it is a structural constraint enforced at the protocol level. Reserve snapshots are published continuously with a maximum staleness of 24 hours. Independent attestors verify holdings against published figures on a disclosed cadence.
What we stand for
Every design decision in USDX traces back to these commitments. They are not aspirational statements — they are structural constraints enforced at the protocol level.
Full Backing, Always
Every USDX token is supported by an equivalent dollar in liquid, verifiable reserves. reserves ≥ totalSupply is an inviolable invariant.
Continuous Transparency
Reserve snapshots, supply figures, and proof hashes are published continuously — not quarterly or monthly. Any party can verify the peg at any time via the public API.
Liquidity Priority
The ability to redeem takes absolute priority over yield optimisation. Liquidity is never sacrificed for returns. Redemption SLAs are defined and published.
Structural Compliance
KYC, AML, and sanctions screening are built into the protocol — not layered on top. The compliance registry is on-chain and auditable by any party.
No Bridge Dependency
Cross-chain transfers use native burn-and-mint. No wrapped tokens, no bridge custody risk, no third-party smart contract exposure across networks.
Governance with Delay
All material protocol changes require multisig approval and a 48-hour timelock delay — giving holders time to assess any change before it takes effect.
The stack behind the peg
USDX is supported by a production-grade backend that continuously monitors on-chain state across all supported networks, reconciles global supply, and publishes verifiable proofs to the public.
11 EVM Networks
Ethereum, Arbitrum, Polygon, BNB Chain, Base, Optimism, Celo, Avalanche, Scroll, Linea, and Unichain — each with an independent contract deployment and a canonical domain identity.
Native Burn-and-Mint
Cross-chain transfers burn on the source domain and mint on the destination. A Global Supply Controller reconciles per-domain supply with total reserves. No bridges, no wrapped assets.
Continuous Observer
A 24/7 backend worker polls all networks at 30-second intervals, aggregates on-chain state, and publishes signed reserve snapshots to the public transparency API.
On-Chain Proof Hash
Each reserve snapshot is committed as a cryptographic hash to the Reserve Oracle contract — enabling independent, trustless verification of reserve state at any block height.
Compliance Registry
An on-chain registry enforces KYC status, sanctions screening, and freeze capability per address. Compliance decisions are auditable and verifiable on-chain by any party.
Governance Timelock
Material protocol changes require multisig approval and a 48-hour timelock. Emergency actions are limited in scope and require multi-party consensus across independent keyholders.
Get in touch
Whether you are an institution, a DeFi protocol, a payment provider, or a researcher — we would like to hear from you.