USDX (USDX) stablecoin analytics
USDX is Kava Mint's legacy CDP dollar, sustained by crypto-collateralized debt positions and currently trading at a ~45% discount to peg.
Static Profile
Static stablecoin profile
USDX (USDX) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
Kava USDX is a legacy CDP debt token trading well below peg, kept in the catalog as a historical depeg case rather than a healthy par dollar. Kava USDX is the older Kava Mint CDP debt token backed by crypto collateral and liquidation mechanics, sustained by...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Kava CDP collateral and protocol liquidity backing the legacy USDX debt token
- Peg Mechanism
- Kava Mint overcollateralized debt positions issue USDX against crypto collateral, with liquidations and protocol parameters intended to defend the peg
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- No contract deployments are listed in the static profile.
Snippet Answer
Is USDX safe?
Pharos does not mark USDX as absolutely safe. Static metadata says USDX uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with curated reserve profile; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety usdx-kava
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 May 15, 2026.
USDX quick answers
What is USDX (USDX)?
USDX is Kava Mint's legacy CDP dollar, sustained by crypto-collateralized debt positions and currently trading at a ~45% discount to peg. The static profile records its US Dollar peg mechanism as: Kava Mint overcollateralized debt positions issue USDX against crypto collateral, with liquidations and protocol parameters intended to defend the peg
What backs USDX?
Pharos classifies USDX backing as Crypto-Collateralized. Collateral, per the static profile: Kava CDP collateral and protocol liquidity backing the legacy USDX debt token Reserve evidence: curated reserve profile.
Can USDX be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for USDX, when applicable, appear in the dossier below.