Timmy need new wheelchair with super duper turbo so Timmy can win paralympics, Timmy like memecoins, this is not financial advice this is Timmy advice, Timmyyyy
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 🧵
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
@hmagarwal1959@Quamfynavas As of now token helps you accrue points, as to what those points go towards 🤷♂️ dev also stated looking into and discussing with others more utility cases but we shall see
$STABLE is the best combination of RWA + Stablecoin project you can find out there
Total Property TVL 4.5M$
Out of total property TVL, equity pledged 2.3M$
https://t.co/M9B3TnVlNK
$USDX issued against pledge equity 1.1M$
https://t.co/hvTRhBSNOs
Similar project on Base sitting at 12M$ FDV. $STABLE sitting at 200K$ MC
Stablecoins are are cool but have you tried permissionless mortgage yield onchain? It's scaling.
@RWA_xyz shows Staked USDX (mUSDX) APY continues to rise. 📈