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On this page
  • What is USX?
  • What makes USX unique?
  • USX Transfer Fees
  • Benefits for End-User
  • Benefits for Traders
  • Benefits for dApps

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  1. Overview

USX

Ax Protocol's Cross-Chain Native Stablecoin

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Last updated 1 year ago

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What is USX?

  • An ERC20 token enhanced with cross-chain capabilities.

What makes USX unique?

  • Native USX exists on all the chains supported by Ax Protocol, which means that USX can be sent to another chain without going back to a hub or core chain.

  • The value of USX remains the same across all chains, making it fungible with itself on any Ax Protocol-supported chain.

  • All USX cross-chain transfers result in native USX at the destination, not wrapped variants.

  • USX cross-chain transfers require users to only pay for gas fees, making it cost-effective regardless of the transfer amount.

  • There is zero slippage when transferring USX across chains, which means the amount sent always equals the amount received.

  • By leveraging , USX achieves deeper liquidity and superior stability compared to USDC, USDT, or DAI individually.

USX Transfer Fees

Users only need to pay for gas fees. There are no percentage-based fees.

Total Fee = Source Gas Fee + Destination Gas Fee

Benefits for End-User

USX simplifies and reduces the cost of transferring value between chains; users just connect their wallet to the source chain and complete a single transaction to move funds to a different chain.

Benefits for Traders

USX mitigates cross-chain market-making risks by offering a stable token for executing two-sided trades, enabling arbitrage of volatile assets against the stablecoin across different chains.

Benefits for dApps

Ax Protocol is building a widget that enables any dApp to facilitate USX cross-chain transfers directly within their user interface. This makes it very easy for users to zap liquidity into their favorite dApp in one click.

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Curve liquidity pools