StraitsX is a Singapore-based financial technology company that develops stablecoin-based payment infrastructure to connect traditional financial systems with blockchain technology. The company is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution and is known for issuing fiat-collateralized stablecoins, including the StraitsX Singapore Dollar (XSGD) and the StraitsX US Dollar (XUSD). ^[1]

Overview

StraitsX provides payment solutions targeting institutions, financial technology firms, and exchanges. The company's core mission is to facilitate compliant, programmable, and efficient financial transactions by leveraging stablecoins as a medium of exchange. Its infrastructure, described as "stablecoin rails for real-world payments," is designed to simplify settlements, lower transaction costs, and enable access to global markets. ^[1]

The company's ecosystem is divided into three main pillars: the issuance of stablecoins pegged to various fiat currencies, a business-to-business (B2B) platform with a suite of payment tools, and a digital wallet for both individuals and businesses. By offering on-ramps and off-ramps between fiat currencies and digital assets, StraitsX aims to bridge the financial ecosystem of Southeast Asia with the broader global economy. ^[1]

Use Cases

• Global Payments: The stablecoins are used for cross-border transactions, international trade finance, and corporate treasury operations, providing a faster and more cost-effective alternative to traditional banking rails.
• Decentralized Finance (DeFi): XUSD is integrated with various DeFi protocols, where it can be used as stable collateral for lending and borrowing, for participating in high-yield savings opportunities, or as a stable asset for liquidity provision on decentralized exchanges.
• Market Liquidity: StraitsX stablecoins provide a source of stable liquidity for trading, swapping, and on/off-ramping across numerous centralized and decentralized digital asset platforms. ^[3]

Products and Tokenomics

StraitsX USD (XUSD)

StraitsX USD (XUSD) is a stablecoin pegged 1:1 to the United States Dollar. It is designed for global payments, decentralized finance (DeFi) applications, and international trade, offering near-instant settlement times. XUSD is a multi-chain asset, enhancing its interoperability across different blockchain ecosystems. ^[2]

• Blockchain Implementation: XUSD operates on multiple blockchain networks, including:
  • Ethereum: As an ERC-20 token, it leverages the security and smart contract capabilities of the Ethereum network, which uses a Proof-of-Stake (PoS) consensus mechanism.
  • BNB Chain: As a BEP-20 token, it is available on the BNB Chain ecosystem.
• Market Data: As of early 2025, XUSD had a market capitalization of approximately $69.81 million, with a total and circulating supply of 69,823,153 XUSD. Its all-time high was recorded at $1.05 on March 17, 2025, and its all-time low was $0.9493 on February 3, 2025. ^[2]
• Audits: The XUSD smart contract has undergone a security audit by the blockchain security firm Quantstamp. ^{[2] [3]}

XSGD

XSGD is a Singapore dollar–backed stablecoin issued by StraitsX, designed to facilitate fast, programmable, and interoperable digital payments across Southeast Asia. The token is deployed on multiple blockchain networks, including Ethereum, Polygon, Avalanche, Arbitrum, XRPL, Zilliqa, and Hedera, enabling integration into decentralized finance (DeFi) applications and digital payment platforms. XSGD maintains a 1 : 1 parity with the Singapore dollar and publishes monthly reserve attestations to ensure transparency. As of the latest data, XSGD has a market capitalization of approximately 20.35 million. It is widely used for cross-border transfers, retail payments, and as an on-chain infrastructure for regional financial services. ^{[5] [12]}

XIDR

XIDR is StraitsX’s Indonesian rupiah‑backed stablecoin, designed to provide accessible digital currency to underserved populations and enable on‑chain payments across Indonesia. It supports DeFi and payment infrastructure through issuance on leading blockchain networks to ensure broad reach and usability. ^[9]

StraitsX Platform

• Accept and Send: This feature allows businesses to process payments and move funds globally using both fiat currencies and stablecoins.
• Card Issuance: Partners can launch their own debit card programs, with funds drawn from either fiat or stablecoin balances.
• QR Payments: The platform provides access to a network of e-wallet issuers and acquirers, enabling businesses to support QR code-based transactions. ^{[1] [8]}

StraitsX Wallet

• Buy and Sell Stablecoins: The wallet functions as an on-ramp and off-ramp, allowing users to convert fiat currency into StraitsX stablecoins and vice versa.
• Swap: An integrated feature permits users to instantly swap between different stablecoins, such as XUSD and XSGD, with live exchange rate updates.
• Over-the-Counter (OTC): For larger transactions, StraitsX provides an OTC service to facilitate high-volume trades of its stablecoins. ^{[1] [7]}

Partnerships

• Centralized Exchanges (CEXs): Binance, Bybit, MEXC, BingX, and Biconomy.com.
• Decentralized Exchanges (DEXs): Uniswap v3 (on Ethereum) and PancakeSwap v3 (on BNB Chain). ^{[2] [10]}

Team

• Tianwei Liu: Chief Executive Officer and Co-Founder of StraitsX. Liu oversees the company’s strategic direction and operations, focusing on regulated stablecoin infrastructure and cross-border digital payments.
• Victor Liew: Chief Technology Officer and Co-Founder. Liew manages the engineering and technical development of StraitsX’s stablecoin issuance, blockchain payment platforms, and digital wallet services.
• Samson Leo: Chief Legal Officer and Co-Founder. Leo leads legal, compliance, and regulatory efforts, including securing licenses from the Monetary Authority of Singapore and guiding the issuance of fiat-backed stablecoins. ^{[2] [6]}