What is Stables Labs USDX?
Stables Labs USDX is a cryptocurrency designed to maintain a stable value pegged to the US dollar. It functions as a stablecoin, offering users a less volatile digital asset compared to other cryptocurrencies. Its price stability and accessibility are key characteristics highlighted by its presence on reputable market platforms.
Stables Labs USDX goals
The purpose of Stables Labs USDX is to provide a stable digital asset that mitigates the volatility commonly seen in cryptocurrency markets. By pegging its value to the US dollar, it offers traders and investors a reliable means of transacting and storing value. Additionally, it serves as a utility token within a digital currency exchange environment, promoting seamless trading, staking, and advanced financial operations.
Stables Labs USDX fondamentals
Stables Labs USDX operates with a total supply of 626909052 USDX tokens while the live market cap is listed as $625992527. The focus of the available data is primarily on its pricing stability and trading volume.
Marketcap
$0.62599253B
Total number of Stables Labs USDX
626909052 USDX
Stables Labs USDX competitors
Stables Labs USDX differentiates itself in the market by emphasizing stability through its dollar peg, which is particularly attractive during times of market volatility. Its competitive advantages include integration with advanced trading platforms and the provision of staking options for users, setting it apart from other cryptocurrencies that may not offer the same range of financial tools. In comparison to its competitors, the commitment to maintaining a fixed value and its real-time market data make it a notable player in the stablecoin sector.
Stables Labs USDX price history
Frequently asked questions
Stables Labs USDX is a cryptocurrency pegged to the US dollar, designed to offer stability in value. It provides a less volatile option for digital transactions and investments. It is recognized across major market platforms for its stable value.
Stables Labs USDX maintains its stability by being pegged to the US dollar, ensuring that its value remains consistent. This pegging mechanism reduces the risk associated with price volatility. The approach serves as an attractive feature for users seeking reliability in digital assets.
The total supply of Stables Labs USDX tokens is set at 626909052 USDX. This fixed supply helps in maintaining its peg and overall market stability.
The current price of Stables Labs USDX is $0.998538. This stable price point is a direct result of its design as a stablecoin. The price is monitored in real-time across various digital asset platforms.
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