About

The Lighthouse blockchain supports the USDX Wallet mobile app, which allows users to send and receive the USDX stablecoin. The network's native token, LHT, is used as collateral to maintain the 1:1 peg of USDX to the US Dollar.

History

The Lighthouse blockchain supports the USDX Wallet application. It features Graphene technology, which aims to provide scalable infrastructure. Users can send or receive the USDX stablecoin across the Lighthouse blockchain through the use of a username, phone number, or QR code.

USDX stablecoin is collateralized by the Lighthouse network's native cryptocurrency, LHT. The total amount of LHT coins is limited to 1 billion. About 10% of the total LHT supply (100 million tokens) enters circulation annually. Half of this annual total goes to the Collateral fund to help maintain the USDX to USD peg. The other 50 million LHT becomes available for purchase.