USDX [Kava] (USDX)

What is USDX [Kava] Crypto Currency? USDX [Kava] is a decentralized stablecoin pegged to the value of the US Dollar, founded by Kava Labs. Kava Labs aims to provide stablecoins with low volatility, usability, and high liquidity in order for users to send and receive payments with a stable store of value. USDX is collateralized by lending markets and is an ERC-20 token on the Ethereum blockchain. Who founded it? The stablecoin called USDX (Kava) was created by Kava Labs, a company based in San Francisco, California. The company was founded in 2017 by Brian Kerr, Scott Kolan, and Venus Gao. What makes it Unique? USDX is secured by collateralized loans in a permissionless lending market and is designed to provide users with the ability to store and send payments with a stablecoin without the need for a third-party. USDX is governed by an open, community-driven decentralized framework, meaning that anyone can contribute to the protocol. The token is also open for developers to build upon, meaning that it can be used for a variety of applications. Where does it used? USDX is primarily used to transfer payments with a stable store of value. The token can also be used to back up loans, meaning that it can be used as collateral on peer to peer loans. This makes USDX useful for those who need to borrow money to cover unexpected costs. Where to buy/sell it? USDX is available on various cryptocurrency exchanges and trading platforms, including Binance, Huobi, Kyber Network, and DeFi Swap. It can also be purchased directly from Kava Labs.