USD Coin vs USDX Money USDX — side-by-side comparison of supply, chains, backing, and peg data.
| Metric | USDC | USDX |
|---|---|---|
| USD circulation value | $73.47B | $683.4M |
| Rank (by USD value) | #2 | #17 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | Cash & T-bills | CDP-backed |
| Chains deployed | 154 | 3 |
| Primary chain | Ethereum | BSC |
| Issuer | USD Coin | USDX Money USDX |
| CoinGecko | View → | View → |
Both USDC and USDX track USD, but they differ in backing and issuer. USDC is backed by cash & t-bills while USDX is backed by cdp-backed. As of today, USDC ranks #2 and USDX ranks #17 among tracked stablecoins.
USDC is larger, with $73.47B in circulation vs $683.4M for USDX. That's roughly 107.5× the size.
Neither USDC nor USDX is inherently "safer" — safety depends on the specific backing composition, issuer transparency, redemption rights, and regulatory oversight. USDC uses fiat-backed backing model; USDX uses crypto-backed. Users should read each issuer's most recent reserve attestation before choosing.
Yes. USDC and USDX both trade on major centralized and decentralized exchanges. Since both track USD, the exchange rate is typically very close to 1:1. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
The right choice depends on your use case. Consider: which chain do you need? USDC is available on 154 chains and USDX on 3. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.