Mint and Burn Process

Mint Process

To mint XUSD, users can deposit stablecoins like USDT or USDC directly into the X Network or participate via Funding pools on various supported chains. Through this process, stablecoin deposits are converted into XUSD on X Network’s Layer 2 (L2), providing users with a standardized, dollar-pegged asset to seamlessly engage within the ecosystem. This ensures consistent, stable access to XUSD across the X Network, supporting smooth transactions and interoperability.

Burn Process

When users wish to convert XUSD back to their original stablecoins, they can bridge XUSD out of the X Network. During this process, XUSD is burned, and the equivalent amount of the original stablecoins (such as USDT or USDC) is returned to the user. This mechanism maintains liquidity within the X Network while offering users the flexibility to move assets easily between XUSD and their preferred stablecoins as needed.