Details about Dollars cryptocurrency
€6,011,014 ( 0%)
€18
40,842
4,824,309
1
Unknown
https://www.dollarprotocol.com
@DollarProtocol
79775x
€99719.2
Dollars price charts
USDX exchanges
Dollars, the crypto
Dollars (USDX) is a stablecoin that aims to provide a digital version of the US dollar. It is built on the Ethereum blockchain and is pegged to the US dollar, meaning that the value of one USDX token should always be equivalent to one US dollar.
The point
The main point of Dollars (USDX) is to offer users a stable and easily accessible digital alternative to traditional US dollars. By being pegged to the US dollar, USDX aims to eliminate the price volatility often associated with cryptocurrencies like Bitcoin or Ethereum.
The problem
Dollars (USDX) tries to solve the problem of volatility in the cryptocurrency market. By pegging its value to the US dollar, USDX offers stability and predictability to users who might otherwise be hesitant to use cryptocurrencies for day-to-day transactions due to high price volatility. Additionally, USDX can offer users in countries with unstable currencies a reliable digital alternative to their own volatile fiat currencies.
Compare USDX and BTC performance
| Timeframe | USDX | BTC |
|---|---|---|
| 1h change | 0 % | 0.109009 % |
| 24h change | 0 % | 2.18406 % |
| 7 day change | 0 % | -5.76209 % |
| 14 day change | 0.02 % | -3.00974 % |
| 30 day change | 0.38 % | 1.6345 % |
| 200 day change | -31.11 % | 125.613 % |
| Year change | -24.04 % | 125.789 % |