StraitsX XUSD Price

StraitsX USD (XUSD) is a cryptocurrency launched in 2024. It falls squarely into the stablecoin category, engineered to hold a rigid 1:1 peg with the United States dollar.

The token powers real-time, round-the-clock payments across the ASEAN region. It bridges fragmented domestic payment systems with the global dollar-based financial architecture, sidestepping the latency and intermittent availability of legacy banking rails. XUSD operates under a forthcoming stablecoin regulatory regime advocated by the Monetary Authority of Singapore.

StraitsX USD operates on the Ethereum network. The project also maintains native contract addresses on Solana and Binance Smart Chain, widening its settlement surface across multiple decentralized ecosystems.

On Ethereum, the asset adheres to the ERC-20 standard. Its parallel deployments on Solana and BSC adopt the SPL and BEP-20 token specifications respectively, ensuring fungibility of the peg regardless of the settlement layer. The core Ethereum contracts have been open-sourced and publicly verifiable.

The smart contract for XUSD was first deployed in February 2024 by StraitsX, a Singapore-based payments infrastructure firm. The launch came with explicit acknowledgment from the Monetary Authority of Singapore that the token’s design aligns with the country’s upcoming stablecoin regulatory framework. No individual founders are publicly tied to the token’s creation; the initiative represents a regulated corporate extension of StraitsX’s existing financial services stack.

Its foundational ambition is a compliance-forward digital dollar for Southeast Asian commerce. By anchoring to the world’s primary reserve currency, it extinguishes intra-regional forex friction and delivers a constant unit of account that operates outside traditional correspondent banking hours.

Mechanically, XUSD tokens are minted upon deposit of equivalent fiat reserves and destroyed upon redemption, preserving the one-to-one backing at all times. The token acts as a programmable payment rail, letting smart contracts and institutional trading desks settle dollar obligations instantly without re-entering fiat banking channels. Issuance and lifecycle management occur exclusively through StraitsX’s platform, which enforces regulatory controls and real-time attestations.

Payment processors and e-commerce aggregators hold XUSD to settle merchant payouts on-chain, bypassing multi-day legacy windows. Arbitrageurs and liquidity providers move the token across its three supported chains to exploit micro-discrepancies, while treasury managers embed it as a stable valuation anchor inside decentralized finance protocols.

StraitsX USD has a total supply of 62,913,176 tokens. Currently, 62,913,176 are in circulation. With a market capitalization of $62,890,101, StraitsX USD ranks #415 among all cryptocurrencies.