StraitsX XUSD

StraitsX USD (XUSD) is a multi-chain, fiat-collateralized stablecoin pegged on a 1:1 basis to the United States Dollar. It is issued by StraitsX, a Singapore-based financial technology company, and is designed to facilitate global payments and integrate with the decentralized finance (DeFi) ecosystem. ^[8] ^[5]

Overview

StraitsX USD (XUSD) was developed to serve as a stable digital asset that bridges traditional financial systems with blockchain technology. The primary goal of XUSD is to enable swift, secure, and low-cost global payments, operating 24/7 without the constraints of conventional banking hours. The project particularly aims to connect the financial ecosystem of the Association of Southeast Asian Nations (ASEAN) with the stability of the U.S. dollar, which serves as the world's primary reserve currency. ^[3] ^[5] ^[4]

Technology

Blockchain Networks

Ethereum: As an ERC-20 token, XUSD leverages the security and extensive smart contract capabilities of the Ethereum network. This allows for seamless integration with Ethereum's large and established DeFi ecosystem, including decentralized exchanges, lending protocols, and yield-generating platforms.
BNB Smart Chain (BSC): As a BEP-20 token, XUSD is also available on the BNB Smart Chain. This provides users with an alternative network that often features lower transaction fees making it suitable for smaller transactions and high-frequency payments. ^[3] ^[4]

Use Cases

Digital Asset Settlement: Used primarily for payments and settlements of digital assets in Asia, reducing reliance on USD-denominated stablecoins and mitigating foreign exchange risk.
Interoperable Payments & Micropayments: Operates on open-source protocols, enabling cross-platform interoperability and transactions up to six decimal places for precise micropayments.
Cross-Border Remittances: Supports faster, near-instant transfers with lower fees and reduced collateral requirements compared to traditional remittance systems. ^[4] ^[2] ^[6]

Tokenomics

Peg and Backing

XUSD is designed to maintain a 1:1 peg with the United States Dollar, meaning one XUSD is intended to be redeemable for one USD. This stability is achieved by fully backing every XUSD in circulation with a corresponding amount of reserve assets held by StraitsX. The composition of these reserves is subject to verification through monthly attestation reports conducted by an independent, ISCA-listed auditing firm. This mechanism ensures that the token's value is collateralized by real-world assets, providing confidence in its stability. ^[5]

Supply and Market Data

As of early 2025, the market capitalization of XUSD was approximately $69.8 million, with a total and circulating supply of 69,823,153 XUSD. The token does not have a maximum supply, as new tokens can be minted to meet demand, provided they are fully backed by corresponding reserves. The 24-hour trading volume during this period was approximately $38 million, indicating active use in trading and payments. ^[2] ^[4]