StraitsX XUSD

StraitsX XUSD is a US dollar-denominated stablecoin issued by StraitsX, a payments company operating in Southeast Asia. Each token is designed to maintain a one-to-one value with the US dollar and is intended to make cross-border payments within the ASEAN region faster and available around the clock. The Monetary Authority of Singapore has acknowledged it as compliant with Singapore's forthcoming stablecoin regulatory framework, making it one of the few stablecoins with formal regulatory recognition in that jurisdiction.

XUSD exists as a token on both the Ethereum and Solana blockchains, with the Ethereum smart contract first deployed in February 2024. The peg is maintained by StraitsX, which issues and redeems tokens against US dollar reserves held off-chain, so each unit in circulation is meant to correspond to one dollar held in custody. There is no on-chain consensus algorithm specific to XUSD itself; settlement relies on whichever underlying blockchain the token is transferred across.

The data provided does not include a fee stream attributed to the XUSD protocol, so there are no fee-based measures such as revenue or protocol earnings available on this page to report. The circulating stablecoin supply stood at 46,143,412.9 XUSD on a point-in-time basis, and that supply grew by approximately 12.16 percent over the preceding 30 days. The fully diluted value equals the market capitalisation, with an fdv-to-mcap ratio of 1.0 and a dilution overhang of 0.0 percent, meaning no additional supply is held back or scheduled for release beyond what is already circulating.