Binance, one of the world’s leading cryptocurrency exchanges, has announced the listing of StraitsX USD (XUSD), a stablecoin backed 1:1 by the US dollar. Trading will commence on March 19, 2025, at 08:00 UTC.
Key Highlights of the Listing
Zero-Fee Trading: Binance will introduce the XUSD/USDT trading pair with zero trading fees starting at 08:00 UTC on March 19, allowing users to trade without incurring commission costs.
Fully Backed and Secure: XUSD is fully backed by US dollar reserves, ensuring price stability at a 1:1 ratio with USD. Its reserves are liquid and easily accessible, reinforcing its reliability as a stablecoin.
Bridging Traditional Finance and DeFi: XUSD’s smart contract functionality enables seamless integration between decentralized finance (DeFi) and traditional financial systems. This facilitates faster cross-border transactions and efficient treasury management solutions.
What This Means for Users
Early Deposits: Users can deposit XUSD ahead of the listing to prepare for trading. Withdrawals will be enabled on March 20, 2025, at 08:00 UTC.
New Market Opportunities: The listing of XUSD provides investors and traders with an additional stablecoin option, enhancing liquidity and expanding its potential use cases in the DeFi ecosystem.
With this listing, Binance continues to expand its offerings, reinforcing its commitment to supporting innovative digital assets. The introduction of XUSD is expected to strengthen the stablecoin market and provide users with a reliable and efficient financial tool.
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