StraitsX USD PriceXUSD

What is StraitsX USD (XUSD)?

StraitsX USD (XUSD) is a fiat-backed US dollar stablecoin issued by StraitsX USD Issuance Pte. Ltd., part of the StraitsX Group, which holds a Major Payment Institution licence in Singapore; MAS has acknowledged XUSD as compliant with Singapore's upcoming stablecoin regulatory framework.

Each XUSD token is backed 1:1 by US dollar deposits held in secure, segregated accounts with regulated financial institutions. It operates on Ethereum (ERC-20), BNB Smart Chain (BEP-20) and Solana. As a regulated digital asset, XUSD is designed to offer transparency and stability for institutional and retail users. It serves as a key bridge between traditional finance and the digital economy, facilitating payments, remittances, and DeFi applications.

Key Specifications & Tokenomics

StraitsX USD (XUSD) is a fiat-collateralized stablecoin designed to combine the stability of the US dollar with the efficiency of blockchain technology.

Official contracts: Ethereum (ERC-20) 0xC08e7E23C235073C6807C2EFE7021304cb7c2815; BNB Smart Chain (BEP-20) 0xF81aC2E1A0373ddE1BCE01E2Fe694a9b7E3bfcB9; Solana 4UbvZiomFvXDnZSz6vdHiDNiHozH2ykTEqjhhbVHiv9z.

Who created StraitsX USD (XUSD)?

XUSD is issued by StraitsX USD Issuance Pte. Ltd., part of the StraitsX Group, which is associated with Xfers Pte. Ltd., a Singapore-based Major Payment Institution licensed by the MAS. This regulatory status is a cornerstone of XUSD's value proposition, setting it apart from many other stablecoins. The parent company, StraitsX, operates the stablecoin initiative with a clear mandate to build compliant digital payment infrastructure for Southeast Asia. The team behind Xfers comprises professionals with deep expertise in fintech, regulatory compliance, and blockchain technology, focusing on creating a trusted bridge between fiat currencies and the digital asset ecosystem.

How does StraitsX USD (XUSD) work?

XUSD operates on a simple and transparent fiat-collateralized model. For every XUSD token in circulation, an equivalent amount of US dollars is held in reserve. Reserves consist of cash, cash equivalents and/or short-term US government and public-entity notes, held in custody accounts on trust for holders, separate from issuer assets. Internal reconciliations are performed daily, reserve value is audited twice monthly by an independent firm, and StraitsX publishes monthly reserve attestation reports from an ISCA-listed auditing firm. The XUSD smart contract is audited by Quantstamp.

Reserves are held in custody accounts on trust for holders, separate from issuer assets, with licensed Singapore or permitted overseas custodians. Redemptions are processed at 1 XUSD per 1 USD, less any applicable fees, either via the platform or directly with the issuer after onboarding and whitelisting; the issuer may set a minimum for direct redemptions.

Users can mint new XUSD tokens by depositing US dollars into designated bank accounts operated by StraitsX's partners. Conversely, users can redeem their XUSD tokens for US dollars, which are then transferred back to their bank accounts. The smart contracts governing XUSD on blockchains like Ethereum and BNB Smart Chain facilitate the issuance, burning (upon redemption), and transfer of tokens, enabling fast, borderless, and programmable transactions while maintaining the 1:1 peg to the US dollar through the off-chain reserve management.

What makes StraitsX USD (XUSD) unique and valuable?

The primary differentiator for XUSD is its regulatory status. Being issued by a MAS-licensed entity provides a significant layer of trust, legal clarity, and operational oversight that is often absent with other stablecoins.

• Regulatory Status: Operates within a clear regulatory framework, appealing to institutions and users requiring compliance.
• Full Reserve Backing: Each token is 100% backed by cash or cash equivalents in secure, audited accounts.
• Southeast Asia Focus: Designed as a core infrastructure for the digital economy in Singapore and the broader region, integrating with local payment rails.
• Multi-Chain Availability: Its presence on Ethereum, BNB Smart Chain, Solana, and other chains increases its utility and accessibility for various decentralized applications (dApps) and users.
• Part of a multi-currency stablecoin family: StraitsX issues native XSGD (Singapore dollar), XUSD (US dollar) and XIDR (Indonesian rupiah), giving users a multi-currency on/off-ramp for the region.

What is StraitsX USD (XUSD) used for?

XUSD serves multiple purposes within the digital economy, leveraging its stability and regulatory compliance.

• Digital Payments and Remittances: Enables fast, low-cost, cross-border transfers of US dollar value, bypassing traditional banking delays and high fees. XUSD supports up to six decimal places, which makes it suitable for micropayments.
• Trading and Liquidity: Acts as a stable trading pair on cryptocurrency exchanges, allowing traders to hedge against market volatility without exiting to fiat.
• Decentralized Finance (DeFi): Used as a stable asset for lending, borrowing, yield farming, and as collateral in various DeFi protocols on supported blockchains.
• Settlement Asset: Facilitates the settlement of transactions in digital asset markets and can be used for programmable payments and smart contract operations.
• Corporate Treasury: Businesses operating in the digital space can use XUSD for treasury management, payments to vendors, and payroll in a stable digital format.

How Is the StraitsX USD (XUSD) ecosystem developing?

The XUSD ecosystem is growing in alignment with regulatory trends and market demand in Asia.

• Regulatory Expansion: The Monetary Authority of Singapore (MAS) has acknowledged XUSD as compliant with Singapore's upcoming stablecoin regulatory framework, and StraitsX USD has received MAS approval as a Major Payment Institution for digital payment token services.
• Partnership Integration: According to its LinkedIn product page, XUSD's featured customers and partners include Etherscan, Liquid, Zilliqa, DFX Finance, CoinGecko, Trust Wallet, Telcoin, MetaMask, Coinut, ILG Technologies and CoinMarketCap.
• DeFi Adoption: Protocols on Ethereum and BNB Smart Chain are increasingly adopting XUSD as a trusted stablecoin option for their users, given its regulatory backing.
• Institutional Onboarding: Its compliant nature makes it suitable for institutional adoption in areas like cross-border trade finance and asset tokenization.
• Interoperability: Efforts to deploy XUSD on additional blockchain networks continue, aiming to enhance its reach and utility across the broader Web3 landscape.

Risks

XUSD is a stablecoin, not a risk-free asset. On-chain transfers are irreversible; prices on third-party venues may deviate from USD 1; the issuer may freeze or repossess tokens under lawful or regulatory direction (e.g., sanctions or fraud); direct redemption requires onboarding and whitelisting and may be subject to minimum amounts and fees; operational, network and custodial risks, including delays during congestion, are described in the whitepaper.

How to mine StraitsX USD (XUSD)?

XUSD cannot be mined. It is a centralized, fiat-backed stablecoin. New tokens are only created ("minted") when a user deposits US dollars with the issuer, StraitsX, through its authorized channels. Similarly, tokens are destroyed ("burned") when users redeem them for US dollars. There is no proof-of-work or proof-of-stake mechanism involved in its creation. The supply is purely a function of user demand and the corresponding management of the off-chain dollar reserves.

How to keep your XUSD Coin safe?

Securing your XUSD involves standard practices for managing cryptocurrency assets.

• Use Reputable Wallets: Store XUSD in well-audited, non-custodial wallets (like hardware wallets Ledger or Trezor, or trusted software wallets) that support the Ethereum (ERC-20), BNB Smart Chain (BEP-20) or Solana standards.
• Secure Private Keys: Never share your wallet's private keys or seed phrase. Store backups offline in multiple secure locations.
• Exchange Security: If holding XUSD on an exchange, enable all available security features (two-factor authentication, whitelisting, anti-phishing codes).
• Verify Transactions: Always double-check recipient addresses and network details before sending XUSD, as transactions on blockchain are irreversible.
• Beware of Scams: Be cautious of unsolicited offers and phishing websites pretending to be StraitsX or wallet services.

How to buy XUSD Coin?

XUSD can be obtained through a StraitsX account by transferring USD via bank transfer, with 1:1 conversion between USD and XUSD; bank transfers typically take 2–5 business days, with a minimum of USD 10 and no fees. XUSD is also listed on multiple centralised and decentralised exchanges.

On the StraitsX platform, USD transfers in are free while USD transfers out cost USD 40; XUSD transfers in cost 0.5 XUSD (waived for transfers under 10 XUSD), and transfers out are capped at 30 XUSD on Ethereum and 1 XUSD on other chains.