USDT.

Stable is a new type of organization native to the Internet, a decentralized autonomous organization (DAO). Stable's first product is USDX. USDX is a stablecoin pegged to the US Dollar which is both interest-bearing and insured.

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Why use USDX vs. USDC/BUSD/GUSD/USDT?

USDX Pays You Interest

Holders of USDX receive interest on the amount of USDX they keep in their wallets. There is no need to stake your USDX, just keep it in your wallet and use it normally. When you are ready, return here to claim your interest. You can also view the current interest rates as well as learn more about how USDX generates yield.

USDX Protects You with Insurance

A portion of the yield USDX generates is placed into insurance vaults which hold tokens native to the resident smart chain. Insurance for USDX holders on the Ethereum Mainnet is stored in ETH, and insurance for USDX holders on the Binance Smart Chain is stored in BNB. In the event of a disaster, the Stable DAO will deploy these vaults to cover losses. You can see USDX insurance coverage at any time.

USDX Diversifies Your Risk

USDC, BUSD, GUSD, USDT, and other stablecoins carry the significant risk of losing their peg to the US Dollar and becoming worthless. It is unclear if Tether (USDT) is solvent and has enough assets on hand to cover all of their issued USDT tokens. If Tether is proven insolvent, not only will every holder of USDT lose a portion or all of their value, but billions of value locked in Curve, Ellipses, and every other DeFi application relying on USDT will be wiped out. This same solvency risk applies to all of the top stablecoins—we are currently relying on centralized companies to be both true to their word and free from government interference. This is not the way.

USDX addresses this problem through diversifying the risk of holding a single stablecoin by creating a basket of underlying stablecoins. A portion of these stablecoins are then automatically and transparently invested into7 proven DeFi protocols. The yield from these investments are paid out to holders of USDX and used to create an insurance pool in the event of one of the underlying stablecoins losing their peg.

USDX Health and Statistics

USDX on Binance Smart Chain
1 USDX = $1.00 US Dollars
USDX Minted = 100,000,000.00
Current interest for holding 1 USDX in your wallet = $0.26/year (26.4% APY)
Current insurance reserves = 10,000.00 BNB ($5.5M USD)
Projected year end insurance reserves = 15,000 BNB ($7.5M USD)

USDX on Ethereum Mainnet
1 USDX = $1.00 US Dollars
USDX Minted = 100,000,000.00
Current interest for holding 1 USDX in your wallet = $0.26/year (26.4% APY)
Current insurance reserves = 10,000.00 ETH ($23.0M USD)
Projected year end insurance reserves = 15,000 ETH ($33.0M USD)