As the first synthetic USD project with Bitcoin as the underlying asset, USDX will be integrated with the BounceBit CeDeFi infrastructure to seamlessly mint USDX stablecoins with equal amounts of Bitcoin long and short positions.
With BTC, the core asset in the crypto field, as its base, USDX aims to release huge liquidity for the BTC and EVM ecosystems, and provide users with a stablecoin option that is not only separated from the traditional banking system, but also has real returns, high transparency and scalability. BounceBit will be committed to providing CeDeFi infrastructure and custody systems, using MirrorX technology and over-the-counter settlement solutions to ensure the security of user funds.
As the Web3 application store entrance of BounceBit BTC restaking L1, BounceClub will deeply integrate USDX and provide USDX plug-ins for every club creator, allowing all ecological participants to easily integrate USDX into their customized club space, thereby achieving seamless integration and application within the ecosystem.
About USDX
USDX is a synthetic USD stablecoin built for the Bitcoin and wider blockchain ecosystem. It offers a crypto-native stablecoin solution that do not rely on traditional banking infrastructure which is censorship-resistant, scalable, and highly stable. Furthermore, it provides a savings tool accessible worldwide in USD denomination.
USDX will ensure the stability of the peg through a delta-neutral portfolio strategy. At the same time, it will provide denominated returns to holders or ecosystem participants of USDX.
About BounceClub
BounceClub is your one-stop shop for personalized on-chain spaces. Drag and drop pre-built protocols from the BounceBit App Store, just like customizing your phone with apps — but for the blockchain!
BounceBit App Store: A treasure trove of pre-built Web3 plugins curated for ease of use. Developers can submit their smart contracts for listing, empowering BounceClub owners with endless possibilities.
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