USDX just dropped their whitepaper.
https://t.co/MVmraDOuBk
A dollar-pegged stablecoin backed by real American mortgages and agency MBS; the same asset class that actually underwrites the U.S. dollar in the real world.
A TLDR Thread 🧵
USDX whitepaper is live.
RATES whitepaper (the token that powers validators + safety) drops next.
Both links below 👇
Read them. Tell me what stood out to you?!
🔗 USDX Whitepaper (Direct PDF)
https://t.co/MVmraDOuBk
🔗 Follow @stable_tweets for the $RATES drop
This is only the beginning.
$USDX #OnchainMortgages #RealYield
This isn’t just another stablecoin.
It’s infrastructure: a dollar that carries the actual cashflows that have underwritten American housing for 50+ years, now composable onchain.
Auditable. Redeemable. Productive.
$13.2 trillion in mortgage debt.
Backed by roughly $50 trillion in U.S. residential real estate.
That leaves about $34 trillion in “dead equity” that most homeowners can’t touch without selling or taking out a HELOC.
USDX changes that game.
Current stablecoins are basically digital money-market funds.
They hold short-term Treasuries and cash.
That’s fine… but the real U.S. dollar is backed by a much bigger mix, and the single largest piece of that mix is residential mortgages. $13.2 trillion worth.
USDX brings that onchain.
The dollar isn't backed by Treasuries alone. It's backed by the American mortgage market — $13.2T of debt against $50T of real estate.
USDX is the first stablecoin to inherit that base.
USDX v0.2 whitepaper out now: https://t.co/rkIkTGGijf
IQLabs is a protocol for writing data on-chain by linking transactions together or shaping data structures, then indexing that data to a user wallet or PDA.
The contract is here:
/Users/zo/RustroverProjects/IQLabsContract
The SDK is here:
/Users/zo/WebstormProjects/iqlabs-solana-sdk
The important point is this:
We create an on-chain path by either linking transaction data together as a linked list, where the final tail transaction becomes the path, or by sending the data to a PDA, where the PDA address becomes the path.
Then we package that on-chain path together with metadata into a single transaction, and index it to a wallet or PDA.
This is our core structure.
First, study our contract, SDK, and the database creation flow.
and you can use our cache layer gateway
gateway deployed gateway.iqlabs.sol so you can check usuage here.
https://t.co/hTWVQ7X2Vd
gateway code
/Users/zo/WebstormProjects/iq-gateway