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About xBacked

xBacked is a decentralized autonomous organization (DAO) on the Algorand blockchain seeking to minimize the price volatility of its own decentralized stable assets against fiat-based currencies.

Headquarters Location

Brisbane, Queensland,


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Latest xBacked News

xBacked Launches xUSD, a 110% Over-Collateralised Stablecoin for Algorand Positioned to Transform the DeFi Realm

Jan 17, 2023

MEDIA RELEASE 17 JANUARY 2023: Launching today, xBacked is set to raise the bar with its over-collateralized stablecoin, xUSD. Built on Algorand and backed by multiple decentralised crypto assets to withstand volatility, xBacked is on a mission to unlock capital and empower the digital economy. “We believe that in the future of finance, blockchain and […]

xBacked Investments

1 Investments

xBacked has made 1 investments. Their latest investment was in Folks Finance as part of their Seed VC on January 1, 2022.

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xBacked Investments Activity

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