> For the complete documentation index, see [llms.txt](https://docs.trystable.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.trystable.co/protocol/usdx.md).

# USDX

Understand USDX, the mortgage-backed stablecoin built for global settlement and institutional liquidity.

## Real estate stability. Digital asset flexibility.

USDX is a USD-pegged stablecoin backed by a reserve portfolio of U.S. residential mortgages, agency mortgage-backed securities, and liquid reserves. Stable brings the assets, cash flows, and risk controls of mortgage markets onchain for transparent, programmable settlement.

<a href="https://app.trystable.co/mint" class="button primary">Get USDX</a> <a href="https://trystable.co/reserves" class="button secondary">View reserves</a>

{% hint style="success" %}
USDX is designed for 24/7 settlement and verifiable collateral. Contract addresses and supported deployments are maintained in [Official Accounts & Contracts](/reference/official-accounts.md).
{% endhint %}

## Explore USDX

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><strong>How USDX works</strong></td><td>Review issuance, collateral flows, reserves, and peg mechanics.</td><td><a href="/protocol/usdx/how-usdx-works.md">How USDX Works</a></td></tr><tr><td><strong>Mint and redeem</strong></td><td>Understand supported assets, institutional eligibility, and redemption.</td><td><a href="/protocol/usdx/minting-usdx.md">Minting USDX</a></td></tr><tr><td><strong>Stake USDX</strong></td><td>Learn how mUSDX accrues mortgage-backed yield through its exchange rate.</td><td><a href="/protocol/usdx/staking-usdx.md">Staking USDX</a></td></tr><tr><td><strong>Risk &#x26; transparency</strong></td><td>Evaluate reserves, underwriting, monitoring, liquidity, and protocol risks.</td><td><a href="/protocol/usdx/risk-and-transparency.md">Risk &amp; Transparency</a></td></tr></tbody></table>

## Staked USDX

[Staked USDX](/protocol/usdx/staking-usdx.md), or mUSDX, is a non-rebasing exchange-rate wrapper. Yield retained by the staking vault increases the amount of USDX redeemable per mUSDX rather than changing the holder's token balance.

## Primary references

* [USDX whitepaper](/research/usdx-whitepaper.md)
* [Reserves & Transparency](https://trystable.co/reserves)
* [Contract addresses](/protocol/usdx/usdx-contract-addresses.md)
* [Risk disclosures](/protocol/usdx/risk-and-transparency/risk-disclosures.md)