Rank #19USDXCrypto-Backed

USDX (Kine)

Pegged to

USD

Market Cap

$15.00M

24h Volume

$2.00M

Circulating Supply

15.00M USDX

Total Supply

15.00M USDX

Peg Target

USD

Collateral Type

Crypto-Backed

Issuer

Kine Protocol

Launch Date

01-04-2021

About USDX (Kine)

USDX is the stablecoin used within the Kine Protocol ecosystem, a decentralised derivatives trading platform. Users stake crypto assets as collateral to mint USDX, which can then be used to trade perpetual contracts on the Kine platform with zero slippage. The protocol uses a peer-to-pool model where USDX represents the trader's buying power. Kine supports multi-chain deployment across Ethereum, BNB Chain, and Polygon.

Supported Blockchains

Ethereum BNB Chain Polygon

Pros

Zero slippage for derivatives trading
Multi-chain deployment
Integrated with full trading platform
Novel peer-to-pool model

Cons

Primarily useful within Kine ecosystem
Very low market cap
Limited external DeFi integration
Niche use case

Key Features

Zero-slippage trading on Kine

Multi-chain collateral staking

Peer-to-pool trading model

Used for perpetual contract trading

Multi-asset collateral support

Decentralised derivatives integration

Stablecoin Information

Community & Socials

Website Twitter / X Telegram GitHub