USDx is a decentralized index stablecoin (ERC-20 token) launched by dForce Network (https://dforce.network). It is pegged to a basket of selected stablecoins (35% USDC, 35% PAX and 30% TUSD), with constituents and weightings adjustable through on-chain governance. The bidirectional exchange (from constituents to USDx, and from USDx to a basket of constituents) are wholly on-chain and verifiable on Etherscan.
USDx has been integrated with Lendf.Me (a Money Market protocol of dForce) for interest-yielding and crypto loan applications. A yield-enhancing protocol will be launched to allow USDx holders to earn passive yields.