↗️
What is the XUSD token? A completely new stablecoin on the Binance StraitsX exchange
📣
StraitsX USD is a stablecoin pegged to the USD at a 1:1 ratio, created to meet the demand for fast and efficient cross-border payments.
🌏
Issued by StraitsX - a company within the Fazz ecosystem, XUSD is not only a financial tool but also a bridge between the traditional financial system and the digital economy.
⛔️StraitsX, headquartered in Singapore, has been licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), ensuring legality and credibility in the issuance of the stablecoin.
🆙
XUSD is issued on the Ethereum blockchain, first launched in February 2024. Each XUSD is backed by USD reserve assets at a minimum ratio of 100%, and is regularly audited by independent organizations according to the standards of the Institute of Singapore Chartered Accountants (ISCA).
🌿
The circulating supply of XUSD is 27.85 million XUSD. Currently, the value of XUSD remains stable around 1 USD, currently at 1.02 USD, slightly increasing after Binance's listing announcement. Trading volume surged by 26,465% in the past 24 hours, reaching 3.44 million USD.