Where I can find info about USDX depeg?

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Kava Official

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Where I can find info about USDX depeg?

#blockchain #cryptocurrency #english #kava

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15.09.2024

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Cameron | Kava (I will never DM first)
Regarding the risk of de-pegging, it's important t...

So, if I have USDX, which was exchanged a couple of years ago on KAVA SWAP, at the moment I can’t exchange it one-to-one for a dollar, right? I exchanged it back then at a 1:1 rate to the dollar, like a stablecoin, but now no one is responsible for it and no one knows when I will be able to exchange USDX for a dollar at a 1:1 rate again? Because over the past couple of years, USDX has dropped to 0.78 dollars. So, over the course of 2 years, I've lost 22% on a coin that positions itself as a stablecoin? Or am I misunderstanding something?

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11 месяцев назад

C

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So, if I have USDX, which was exchanged a couple o...

USDX hasn't been worth 1USD for a while unfortunately. You may have lost 22%, but it's better that than losing 80-95% if you had bought almost any token apart from BTC and a few others.

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11 месяцев назад

Cameron | Kava (I will never DM first) · Accepted Answer

Cameron | Kava (I will never DM first)

Regarding the risk of de-pegging, it's important to note that USDX is an overcollateralized stablecoin. This means that it is always valued at $1 on Kava Mint. The price of USDX on the secondary market is determined by supply and demand and cannot be controlled.

0

11 месяцев назад

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Where I can find info about USDX depeg?

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