USDX Stablecoin

USDX was a stablecoin pegged 1:1 to the US dollar, developed by Lighthouse Blockchain Technology GmbH. It was designed to maintain price stability through overcollateralisation, using LHT—the native token of the Lighthouse Blockchain—as collateral. Each USDX token was backed by at least 200% of the market value of LHT, as enforced by a smart contract.

The USDX stablecoin operated within its own blockchain ecosystem. Unlike tokens launched on shared infrastructures like Ethereum, USDX was native to the Lighthouse Blockchain, which was based on the BitShares protocol. The Lighthouse Blockchain used Delegated Proof of Stake (DPoS) for consensus and was designed for performance and scalability. All issuance, redemption, and collateral checks were managed programmatically through smart contracts.

USDX could be exchanged directly with LHT using the official USDX Wallet app, which also supported sending and receiving payments without transaction fees.

The project is no longer active. The website (usdx.cash) is offline, and there is no evidence of continued trading activity on major platforms.

USDX was developed for digital payments, savings, and transfers. The project positioned the token as a practical means for day-to-day financial activity, particularly in environments lacking access to traditional banking.

Its stated use cases included:

• Peer-to-peer payments: Send and receive USDX between users through the wallet app using phone numbers or QR codes.
• Retail and online shopping: Pay for goods and services using the mobile wallet in physical and digital stores.
• Service payments: Use USDX to pay for services such as transport, subscriptions, or digital content.
• Cross-border transfers: Make international remittances without bank involvement; only a mobile number was required.
• Digital savings: Use USDX as a store of value with reduced volatility relative to most cryptoassets.
• Crypto exchange: Buy USDX with BTC, ETH, and over 50 altcoins via integrated exchange functions.

The team highlighted the stable value of USDX, its accessibility via mobile app, and the absence of transaction fees as advantages, aiming to make digital transactions as simple as sending a text.

USDX was developed by Lighthouse Blockchain Technology GmbH, a company headquartered in Frankfurt, Germany. According to publicly available information, the company was founded in 2017 and comprised a team of entrepreneurs and crypto enthusiasts with experience in finance, project management, app development, research, design, and marketing.

Key team members included:

• Andrey Peshkov – Founder and Chief Executive Officer
• Dmitriy Zhuravlenko – Co-Founder and Chief Technology Officer
• Evgeny Sapunov – Co-Founder and Head of Growth
• Sergey Sivochalov – Chief Operating Officer
• Roman Gaidaenko – Chief Financial Officer
• Maria Lobanova – Head of PR
• Anastasia Bryukhina – Project Manager
• Alongside other specialists in engineering, QA, content, and design.

The company stated its mission as building borderless and bank-free payment systems through blockchain, with a focus on transaction efficiency and financial accessibility.