SUSDX, issued by the usdx.money Protocol smart contracts under the governance of the USDX protocol team, is a yield-bearing vault token that represents a fractional claim on staked USDX plus accrued yield from the protocol's strategies. [S1][S2]

SUSDX accrues value from the underlying yield strategy, namely funding and basis spread generated by the delta-neutral hedging positions backing USDX. [S3] Holders stake USDX into the vault to receive SUSDX, whose USDX value appreciates over time as protocol revenue is transferred into the staking contract; SUSDX does not rebase and no new units are minted to stakers. [S2][S3] Rewards vest linearly over eight-hour periods, and stakers are guaranteed positive or neutral yield, with an insurance fund covering negative-funding periods. [S3][S4]

SUSDX is issued by Stables Labs, identified only by trade name operating the usdx.money protocol, and is not issued by a single registered corporate entity. [S1][S5] The holder's claim is a vault share representing proportional ownership of staked USDX plus accrued yield. [S2][S3] Direct minting and redemption of USDX is restricted to approved institutions from eligible jurisdictions that pass KYC and KYB screening and are whitelisted, while other users obtain or exit through permissionless onchain liquidity pools. [S5] After unstaking SUSDX, USDX becomes claimable one day later and can be swapped to Tether (USDT). [S6][S7] Staked USDX is held in a token vault and is not lent or rehypothecated. [S3]

SUSDX is an ERC-20 and ERC-4626 vault token issued onchain. [S2][S8] Staking and unstaking flow through the dApp, with USDX claimable one day after unstaking and a maximum mint per block of 5,000,000 USDX. [S6][S7][S9] Peg stability during mint and redeem is verified using RedStone stablecoin price feeds aligning USDX to the U.S. dollar. [S10]

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://docs.usdx.money/" },
    { id: "S2", url: "https://docs.usdx.money/a-yield-bearing-token/staking-usdx" },
    { id: "S3", url: "https://docs.usdx.money/a-yield-bearing-token/yield-explanation" },
    { id: "S4", url: "https://docs.usdx.money/a-yield-bearing-token/user-security-measures.md" },
    { id: "S5", url: "https://docs.usdx.money/a-synthetic-usd/usdx-basics" },
    { id: "S6", url: "https://docs.usdx.money/guides/how-to-redeem.md" },
    { id: "S7", url: "https://docs.usdx.money/guides/how-to-buy-usdx.md" },
    { id: "S8", url: "https://docs.usdx.money/informaiton/contracts" },
    { id: "S9", url: "https://docs.usdx.money/a-synthetic-usd/security-updates" },
    { id: "S10", url: "https://docs.usdx.money/informaiton/oracles" },
  ]}
/>


Tokenized funds

Stables Labs operates by developing blockchain-based protocols and infrastructure that support stablecoin issuance, management, and integration across decentralized finance ecosystems. The company likely generates revenue through protocol fees, licensing of their stablecoin technology, and providing infrastructure services to other DeFi projects and financial institutions seeking to implement or integrate stablecoin solutions.

The project builds advanced stablecoin infrastructure solutions, offering decentralized financial tools and protocols that enable more efficient, scalable, and robust digital currency systems. Their platform appears to center around USDX and related stablecoin technologies that leverage blockchain networks to provide enhanced stability mechanisms and cross-chain functionality.

Stables Labs is a blockchain infrastructure company focused on developing next-generation stablecoin technology and related financial primitives.

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Real-world asset (RWA) issuers

Stables Labs

Stables Labs Staked USDX (SUSDX) is a tokenized fund share issued by Stables Labs.

Each token is a direct claim on the issuer.

The fund is open-ended, invests in crypto assets, and locks up subscriptions for 0 months.

Retail investors and institutions can mint and redeem directly with Stables Labs in USDX, and holders have a right to redeem at net asset value with same- or next-business-day settlement.

SUSDX has been issued on BNB Chain as an ERC-4626 and ERC-20 token since March 2024, with bridged versions on three more.

Stables Labs Staked USDXSUSDX

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