From 8d426fb171e494e64512b04562d140a2a4264b3e Mon Sep 17 00:00:00 2001 From: Alexander Reed <117864716+amr080@users.noreply.github.com> Date: Wed, 16 Oct 2024 17:57:12 -0400 Subject: [PATCH] Update README.md --- README.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/README.md b/README.md index bcd79ff..dba665d 100644 --- a/README.md +++ b/README.md @@ -1,4 +1,4 @@ -# X Protocol USD [![codecov](https://codecov.io/github/Xprotocol/tokens/branch/main/graph/badge.svg?token=YXQ2CTHYNA)](https://codecov.io/github/Xprotocol/tokens) +# X Protocol USDX is a stablecoin designed to maintain a 1 USD valuation backed by short-term US Treasury bills. The yield generated by these T-bills is automatically distributed to USDX token holders through rebasing. This feature keeps the price of USDX stable while steadily increasing the balance of USDX for token holders.