# USD0x Basics

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### Digital dollars fully backed

USD0x is a digital dollar backed by U.S. Treasury bills and are redeemable 1:1 for USDT or USDC. To ensure liquidity and efficient redemption, a portion of the USD0x reserve is held in highly liquid cash, while the majority is allocated to U.S. Treasury bills and equivalent low-risk assets, such as:

* **$BENJI** – Franklin OnChain U.S. Government Money Fund (FOBXX).
* **$BUIDL** – BlackRock USD Institutional Digital Liquidity Fund.
* **$uMINT** – UBS USD Money Market Investment Fund Token.
* **$QCDT** – QNB-CBI-DMZMoney Market Fund.

USD0x operates on the Binance Smart Chain and is designed to integrate seamlessly across DeFi and CeFi platforms.

* **Stability** – Fully backed by U.S. Treasury bills or its equivalent low-risk assets.
* **Composability** – Designed to be seamlessly used across DeFi and CeFi platforms.
* **Rapid Global Payments** – USD0x facilitates instant, borderless transactions, making it an efficient medium for global payments.
* **24/7 Financial Markets** – Unlike traditional banking systems, USD0x operates on decentralized infrastructure, allowing continuous transactions and trading across different markets at any time.