Price change (24h):
1.08%
High (24h):
$0.00825133
Low (24h):
$0.00800861
Volume (24h):
$2.04
Market Cap:
$5.54M
All Time High:
99.24% $1.06
Dec 6, 2024
All Time Low:
9% $0.01
Jun 25, 2026
99.19 %(1Y)
$0.00809151
Price change (24h):
1.08%
High (24h):
$0.00825133
Low (24h):
$0.00800861
Volume (24h):
$2.04
Market Cap:
$5.54M
All Time High:
99.24% $1.06
Dec 6, 2024
All Time Low:
9% $0.01
Jun 25, 2026
Stables Labs (USDX) is a cryptocurrency launched in 2024. It functions as a synthetic USD stablecoin architected to detach dollar-pegged value from conventional bank deposits and fiat reserves.
USDX addresses a fundamental tension in stablecoin design: the dependence on centralized, obligor-encumbered fiat rails. The protocol mints tokens collateralized by market-neutral derivative positions held across multiple centralized exchanges, effectively internalizing the stability mechanism within open capital markets. By removing single-party bank custody risk, the asset permits native DeFi composability without sacrificing peg fidelity.
Stables Labs (USDX) operates on the Ethereum network. A system of non-upgradeable smart contracts autonomously rebalances the delta-neutral portfolio that backs every minted token. The deployment capitalizes on Ethereum’s finality and its deep composability with lending markets and decentralized exchanges.
USDX exists as a multi-chain ERC-20 token with a uniform contract address deployed across Ethereum, BNB Smart Chain, Arbitrum One, and Base. Because the token is EVM-native, it slots directly into any AMM, lending pool, or yield optimizer across all supported Layer 1 and Layer 2 networks. The stablecoin’s peg does not originate from an off-chain reserve vault; instead, an automated hedging algorithm opens offsetting long and short perpetual futures positions on centralized venues, netting funding rate income while neutralizing directional risk.
The initiative materialized under the Stables Labs umbrella in March 2024, with no publicly disclosed founding team. Its first mainnet contracts went live on Ethereum and BSC within a single deployment wave, as evidenced by the identical address footprint. The whitepaper, hosted at docs.usdx.money, outlines the delta-neutral methodology, while the open-source codebase resides in the Synth-X GitHub repository.
The overarching aim is to decouple stable value from the balance sheet of any single custodial entity. By sourcing peg stability from synthetic market-neutral strategies rather than bank deposits or money market funds, USDX aspires to offer a censorship-resistant, self-contained dollar instrument that can operate natively within permissionless financial software. This design circumvents the perennial risk of bank runs, regulatory freezes, and fractional-reserve opacity that plague incumbent fiat-backed stablecoins.
When a user deposits stablecoin or crypto collateral, the protocol initiates delta-neutral positions and issues an equivalent amount of USDX. The token then circulates as a redeemable claim on that collateral pool. Redemptions burn USDX to close the hedges and return net assets, ensuring a tight supply-demand feedback loop that reinforces the peg.
Arbitrageurs exploit discrepancies between USDX’s market price and the theoretical value of its backed collateral by minting below peg or redeeming above peg, capturing the spread. Liquidity providers lock USDX into automated market maker pools on Balancer or Curve-like deployments across Ethereum and Arbitrum, earning a share of swap fees generated by demand for stable-to-stable conversions. Protocols like lending markets and perpetual DEXs integrate USDX as a censorship-resistant quoting currency, allowing users to borrow against or long-tail assets without reliance on fiat gateways.
USDX has a total supply of 684,555,532.93 tokens. Currently, 684,555,532.93 are in circulation. With a market capitalization of $7,318,404, Stables Labs (USDX) ranks #1,404 among all cryptocurrencies.
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 07/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 06/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 05/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 04/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 03/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 02/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
| 01/07/2026 | $0.01 | $0.01 | $0.01 | $0.01 |
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