Stablecoins

cdxUSD is minted against collateral in the Cod3x lend market as a collateralised debt position, with an interest rate set by a PID control system.

Cod3x issues cdxUSD, an overcollateralised stablecoin described by Cod3x Labs as composable credit and the native stablecoin of the Cod3x ecosystem. cdxUSD is integrated into the Cod3x lend market, is multichain via LayerZero, and uses a PID controller for its interest rate.

DeFi users borrowing against collateral in the Cod3x lend market.

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Stablecoin issuers

Cod3x

Cod3x USD (cdxUSD) is a U.S. dollar stablecoin issued by Cod3x.

cdxUSD has been issued on Base as an ERC-20 token since October 2024.

Cod3x USDcdxUSD