Introduction :
straitsX USD ( XUSD ) is a USD - backed Stablecoin issued by straitsX , a subsidiary of Singapore - based Fintech company Fazz. It maintains a 1:1 peg with the US dollar , ensuring stability and reliability for digital transactions.
Key Features :
Fully Collateralized - Backed by cash and cash-equivalent reserves .
Blockchain - Based -- Available on Ethereum (ERC 20 ) for secure and transparent transaction .
Regulatory Compliance - Operates under singapore's financial regulations.
Fast & Low - Cost Transfers -- Ideal for cross-border payments and remittances.
Versatile Use Cases - Can be used for trading , payments and DeFi applications.
Conclusion :
XUSD provides a reliable and efficient way to transact digitally in south east aisa , offering stability, security and financial accessibility . #StraitsXUSD