According to ChainCatcher, the total TVL of the distributed synthetic stablecoin project USDX (usdx.money) has exceeded 180 million US dollars.
It is reported that USDX is a new type of synthetic stablecoin that anchors the value of the US dollar and captures funding rate income by hedging the exposure of multiple collateral held by the protocol.
The project has completed the Pre-launch goal. At present, the project has been deployed on Ethereum, Arbitrum, and BNB Chain, and the DApp and points ranking entrances have been opened to the public.