What is USDX kava?

Could you elaborate on the concept of USDX Kava? I've heard it mentioned in the crypto community but am unclear about its specifics. Is it a decentralized stablecoin? If so, how does it maintain its peg to the US dollar? What technology or mechanisms underlie its stability? Are there any unique features that distinguish USDX Kava from other stablecoins? Additionally, what is the role of the Kava platform in relation to USDX Kava? I'd appreciate a concise yet comprehensive explanation of this emerging cryptocurrency asset.