What is USX?

USX is a fully collateralized stablecoin launched by Scroll, designed to integrate traditional finance (TradFi) with decentralized finance (DeFi). It aims to offer stable rewards while maintaining features that differentiate it from other stablecoins.

The coin is characterized by its privacy features, gasless transactions, and real-life spendability, facilitated through Scroll's privacy layer, known as Cloak. Additionally, USX utilizes chain-level customizations and partnerships with payment providers to enhance its usability.