Kava Labs is developing a stablecoin, USDX, backed by XRP on a Cosmos Zone, which dynamically maintains stability to USD with decentralized mechanisms. Moreover, USDX has a native token, XRS, which is used by validators to vote on blocks and participate in governance. XRP-backed stablecoin: USDX Kava Labs is already working with Interledger Protocol [ILP] […]The post XRP-backed stablecoin, USDX, is under development, confirms Kava Labs Co-founder appeared first on AMBCrypto.