dForce Launches its First Monetary Protocol—USDx

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USDx is a monetary protocol launched by dForce. It is the first monetary protocol, which is decentralized and is a synthetic indexed stablecoin. It is backed by several stablecoins at pre-determined weights, which are adjustable through on-chain governance. Initially, the USDx protocol reserve constitutes of four stablecoins. The component stablecoins along with their weighting are …

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