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ItalianoStables Labs USDX Information
Stables Labs USDX is gaining attention for its unique approach to stability in the volatile cryptocurrency market. Designed to maintain a strong peg to traditional fiat currencies, this digital asset aims to provide users with a reliable means of transferring value. As more investors seek safer alternatives, USDX could emerge as a prominent player in the realm of stablecoins, offering a blend of security and liquidity.
0.99808 $
Stables Labs USDX
An Overview of Stables Labs USDX
Stables Labs USDX is a stablecoin that aims to provide a reliable digital currency pegged at a 1:1 ratio with the US dollar. Its stability and utility make it an attractive option for both traders and investors seeking to navigate the volatile cryptocurrency markets. This article explores the advantages and disadvantages of USDX, its historical performance, and future prospects.
Historical Performance and Market Dynamics
USDX launched with the intention of maintaining a stable value. Since its inception, the coin has seen fluctuations indicative of typical market behaviors, including an all-time high (ATH) of $1.057 achieved on December 6, 2024, and an all-time low (ATL) of $0.944423 recorded on February 5, 2025. As of now, the current price hovers around $0.9998, showcasing its intention to maintain close to the dollar but not without slight variances.
During the past months, USDX's market capitalization reached approximately $624.59 million, demonstrating a solid position within the stablecoin arena. However, it has experienced a decrease in market capitalization, indicating possible shifts in investor sentiment or market conditions.
Advantages of Stables Labs USDX
USDX presents several advantages, particularly in the realm of stability. Since it is pegged to the US dollar, it offers a safety net for users who are hesitant to enter the highly volatile crypto markets. The coin also benefits from the liquidity provided by its active trading volume, with recent daily volume recorded at around $288,493.
Another plus is its transparency and commitment to decentralization, as evidenced by its detailed whitepaper, which outlines its operational structure and backs its stablecoin mechanics. Additionally, with the rise of decentralized finance (DeFi), stablecoins like USDX can facilitate a wide range of transactions, including loans and liquidity provision, without the risk associated with more volatile cryptocurrencies.
Disadvantages of Stables Labs USDX
While USDX has several advantages, it is not without its drawbacks. One significant concern is the ultimate reliance on trust in the underlying fiat currency it is pegged to—the US dollar. Any macroeconomic instability affecting the dollar could directly impact USDX's perceived value.
Furthermore, although USDX has managed to stay relatively close to its pegged value, the small fluctuations might deter some users who are looking for a fully stable asset. As of its recent trading data, USDX has presented a price change of -0.02181% over the last 24 hours, reflecting the small variances that can naturally occur.
Future Outlook for Stables Labs USDX
Looking forward, the future of USDX remains cautiously optimistic. As the cryptocurrency market continues to evolve, stablecoins are likely to gain further adoption as pivotal resources in trading and transaction operations. Governments’ increasing interest in regulating cryptocurrencies can validate the utility of stablecoins provided they maintain compliance with existing and future regulations.
Moreover, the enhancements in blockchain technology, security protocols, and user adoption are potential catalysts that could bolster USDX's position in the market. However, careful scrutiny of market trends and global economic conditions will be vital as the team behind Stables Labs continues to navigate this dynamic landscape.
Conclusion
In conclusion, Stables Labs USDX presents a compelling option for users seeking stability in the volatile cryptocurrency space. Its historical performance, advantages, and strong market position suggest that while challenges persist, the future could hold significant potential for this stablecoin. Investors and users must stay informed and vigilant to maximize their experiences with USDX.
For more detailed information on USDX, interested readers can dive into their documentation available at USDX Whitepaper and explore their official site at USDX Official Website.
General Information |
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Title
Stables Labs USDX
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Symbol
usdx
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Whitepaper
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Website
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Community
-
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Last Updated
2025-07-07 23:29
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Price Data |
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Current Price $
0.99808 $
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High 24h
0.99849 $
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Low 24h
0.99783 $
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Price Change 24h
0.00011 $
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Price Change % 24h
0.01086 %
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Market Data |
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Market Cap
672 846 822
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Total Volume
960 901
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Market Cap Change 24h
216 069
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Market Cap Change % 24h
0.03212 %
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
674 141 304
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Total Supply
674 141 304
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Max Supply
-
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Historical Data |
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All Time High (ATH)
1.057
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ATH Change %
-5.60040 %
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ATH Date
2024-12-06 21:42
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All Time Low (ATL)
0.94442
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ATL Change %
5.6807 %
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ATL Date
2025-02-05 20:50
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