USDx - USD Deposit Token

About USDx

USDx is an on-demand USDC based token secured by USDC deposit from the Ethereum Mainnet network. USDx is available globally to all citizens and transferable between citizens on the XCAP network. Investing in USDx has low to no risk and is easily transferable to other higher yield tokens on the network.

USDx

~1.75% APY

Available on

Eligibility	Open to all customers of the issuing entity and Rainfin users.	This product is only offered globally.
Underlying Assets	USDC Ethereum Mainnet Deposits.	USDx is backed by a USD Demand Deposit.
Transferability	Freely Transferable.	After depositing USDC funds a user will receive their USDx token in their wallet. A user can deposit via: Ethereum Network The USDx token is immediately available to transfer once received.
Liquidity	On-Demand
Token Issuer	Rainfin.	RainFin is a licensed financial services provider that creates innovative financial services and offerings including peer-to-peer trading and credit marketplaces as well as tokenised financial instruments.
Legal Structure	En Commandite Partnership.	USDx is a USD Demand Deposit interest bearing token issued by RainFin Pty Ltd.
Use Cases	Purchasing Yield Tokens.	USDx is an entry level token earning between 1-2% yield. USDx tokens can be swapped for other tokens on the platform which produce a much higher yield.
Info Memo	View Info Memo

Token Overview

Minimum Purchase

1 USDx

Minimum Redemption

Subject to Ethereum Network Fees

Purchase Frequency

24/7 via USDC Ethereum Mainnet Deposits
*Instant

Redemption Frequency

24/7 via USDC Ethereum Mainnet Withdrawals
*Instant (Subject to internal threshold approvals)

Yield and Fees

USDx has a variable interest rate of 1-2%, which is updated daily.

Yield is compounded and paid to a users account daily.

Participants

Issuer

RainFin

Asset Manager

CAEP

Network

XCAP

Asset

USD Demand Deposit

Secured Collateral

USDx is secured by bank deposit-audited reserves.

OnChain Addresses

View USDx

Tokenization - En Commandite Partnership legal flow per subscription

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