StraitsX XUSD

StraitsX XUSD is a US dollar-pegged stablecoin issued by StraitsX, designed to make payments fast, continuous, and accessible across borders, with a particular focus on connecting ASEAN's financial ecosystem to the US dollar. Each token is intended to be worth exactly one US dollar at all times. It is aimed at businesses and individuals who need to move dollar-denominated value globally without the constraints of traditional banking hours or correspondent-bank delays.

XUSD exists as a token on both the Ethereum and Solana blockchains, with the Ethereum smart contract first deployed in February 2024. Each token is backed one-to-one by US dollar reserves held by the issuer, and the peg is maintained through that reserve relationship rather than through an algorithmic mechanism. StraitsX has disclosed that XUSD has been acknowledged by the Monetary Authority of Singapore as compliant with Singapore's forthcoming stablecoin regulatory framework.

The data stored for XUSD does not include a protocol fee stream, so there are no fee-origin, fee-recipient, or protocol-revenue figures available on this page. This means that fee-based measures commonly reported for other assets on this site are not applicable here. The circulating stablecoin supply stood at 46,141,500.69 XUSD on a point-in-time basis, and that supply grew by approximately 2.22 percent over the most recent 30-day period, which reflects issuance and redemption activity rather than a fee-generating mechanism.