About

USDX Wallet is a mobile application that allows users to send and receive its USDX stablecoin on the Lighthouse blockchain. The project aims to peg USDX to the US Dollar at a 1:1 ratio by collateralizing the USDX supply with LHT, the native token of the Lighthouse network.

History

USDX Wallet is a blockchain-based money transfer solution with a currency USDX pegged to the US Dollar at a 1:1 ratio. USDX Wallet is based on the Lighthouse blockchain. This blockchain is built using Graphene technology, which is design to provide a scalable infrastructure. USDX Wallet app allows users to transfer assets 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.