StraitsX XUSD

StraitsX XUSD is a US dollar-pegged stablecoin issued by StraitsX, a payments company based in Singapore. Each XUSD token is designed to represent exactly one United States Dollar and is intended to make cross-border payments within the ASEAN region faster, available around the clock, and more straightforward to settle. The Monetary Authority of Singapore has acknowledged XUSD as compliant with Singapore's forthcoming stablecoin regulatory framework, which positions it specifically for institutional and retail users operating across Southeast Asian financial corridors.

XUSD exists as a token on both the Ethereum and Solana blockchains, with the Ethereum smart contract first deployed in February 2024. StraitsX maintains the peg by backing each token with reserves intended to equal the circulating supply, meaning users can redeem tokens for the underlying dollar value through the issuer rather than through an on-chain algorithm. No consensus algorithm is recorded for this asset because it relies on the underlying security of its host blockchains rather than operating its own network.

The data provided does not include a fee stream associated with XUSD, so there are no protocol revenue figures, fee recipients, or fee-based performance measures available on this page. The absence of a recorded fee model means that metrics such as fee yield or revenue multiples, which this site calculates for assets with identifiable protocol income, are not applicable here. What is recorded is a 24-hour turnover figure of 12.27, measured over the most recent 24-hour period, which reflects trading volume relative to market capitalisation rather than protocol earnings.