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amr080 authored Oct 16, 2024
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# X Protocol USD [![codecov](https://codecov.io/github/Xprotocol/tokens/branch/main/graph/badge.svg?token=YXQ2CTHYNA)](https://codecov.io/github/Xprotocol/tokens)
# X Protocol

USDX is a stablecoin designed to maintain a 1 USD valuation backed by short-term US Treasury bills. The yield generated by these T-bills is automatically distributed to USDX token holders through rebasing. This feature keeps the price of USDX stable while steadily increasing the balance of USDX for token holders.

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