USDX [Kava] is a stablecoin developed on the Kava platform, a decentralised finance (DeFi) ecosystem that combines cross-chain functionality with advanced security. Launched to provide a stable digital currency, USDX is designed to maintain a value pegged 1:1 to the US dollar, mitigating the price volatility often associated with cryptocurrencies. Kava uses collateralised debt positions (CDPs) in its decentralised monetary system, allowing users to lock assets in smart contracts and issue USDX. The Kava platform supports a wide range of digital assets as collateral, including Bitcoin and Binance Coin, reflecting its focus on interoperability and user accessibility. USDX is instrumental for lending, hedging, and liquidity provision within the Kava ecosystem, fostering a robust financial infrastructure built on blockchain technology.