Axis USD (USDx) stablecoin analytics
Answer First
What is Axis USD (USDx)?
USDx is Axis's synthetic dollar, backed by venue-held assets and market-neutral hedges; approved counterparties redeem through signed orders. The static profile records its US Dollar peg mechanism as: Approved primary-market accounts sign EIP-712 orders against USDC or USDT collateral; authorized operators settle minting and redemption atomically onchain.
Is USDx safe?
Pharos does not mark USDx as absolutely safe. Static metadata says Axis USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Accountable read-only venue-account and cryptographic reserve verification; not a signed financial audit or proof of hedge coverage, legal segregation or insolvency priority; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Axis USD (USDx) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated Oct 2, 2026
USDx turns Axis's venue-held trading portfolio into a transferable dollar-targeted token, with market-neutral hedges intended to offset directional inventory exposure. Accountable independently observes exchange-account reserves, but its cryptographic reporting does not establish legal segregation, complete hedge coverage or a funded loss-absorption layer. Direct redemption requires an approved primary-market account and an operator-settled signed order, so smaller holders depend on secondary-market liquidity.
- Collateral
- Issuer asset-form snapshot dated October 2, 2026: liquid hedge inventory 70.73%, stablecoins and settlement tokens 21.41%, yield-bearing and staked collateral 6.25%, fiat cash and FX balances 1.31%, and tokenized Treasuries or reserve-backed cash equivalents 0.30%. These are gross backing shares before hedge offsets, not net-risk or per-token allocations.
- Peg Mechanism
- Approved primary-market accounts sign EIP-712 orders against USDC or USDT collateral; authorized operators settle minting and redemption atomically onchain. Offchain RFQ pricing reflects portfolio unwind costs, and the contract does not independently value collateral using an external oracle. Retail holders rely on secondary markets. Indicative instant and seven-day redemption bands are not committed capacity or settlement guarantees.
- Jurisdiction
- British Virgin Islands
- Proof Of Reserves
- Real-Time PoR by Accountable read-only venue-account and cryptographic reserve verification; not a signed financial audit or proof of hedge coverage, legal segregation or insolvency priority Reserve source
- Contracts
- 1 deployment tracked across Ethereum.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdx-axis
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Oct 2, 2026.
USDx quick answers
What is Axis USD (USDx)?
USDx is Axis's synthetic dollar, backed by venue-held assets and market-neutral hedges; approved counterparties redeem through signed orders. The static profile records its US Dollar peg mechanism as: Approved primary-market accounts sign EIP-712 orders against USDC or USDT collateral; authorized operators settle minting and redemption atomically onchain.
Is USDx safe?
Pharos does not mark USDx as absolutely safe. Static metadata says Axis USD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with Real-Time PoR from Accountable read-only venue-account and cryptographic reserve verification; not a signed financial audit or proof of hedge coverage, legal segregation or insolvency priority; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs USDx?
Pharos classifies USDx backing as Crypto-Collateralized. Collateral, per the static profile: Issuer asset-form snapshot dated October 2, 2026: liquid hedge inventory 70.73%, stablecoins and settlement tokens 21.41%, yield-bearing and staked collateral 6.25%, fiat cash and FX balances 1.31%, and tokenized Treasuries or reserve-backed cash equivalents 0.30%. Reserve evidence: Real-Time PoR from Accountable read-only venue-account and cryptographic reserve verification; not a signed financial audit or proof of hedge coverage, legal segregation or insolvency priority.
Can USDx be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for USDx, when applicable, appear in the dossier below.
