Cryptocurrency exchange Binance has announced the listing of a new stablecoin, StraitsX USD (XUSD), backed by the US dollar. The XUSD/USDT trading pair will open on March 19, 2025, at 11:00 AM ET.
Basic Listing Details
The new XUSD/USDT trading pair will be available to Binance users. Deposits are open immediately, and withdrawals will be possible from March 20, 2025, at 11:00 AM. The listing fee is 0 BNB.
What is StraitsX USD (XUSD)?
StraitsX USD (XUSD) is a stablecoin issued by StraitsX, a licensed major payment institution. It is fully backed by liquid reserve assets and is pegged 1:1 to the US dollar. XUSD is designed to facilitate seamless transactions, including cross-border remittances, on-chain trading and DeFi applications, corporate treasury management, and investor settlements.
Zero-Fee Trading Promotion
The launch of XUSD on Binance is accompanied by a zero-fee promotion for trading XUSD/USDT pairs. This allows traders to engage in fee-free transactions starting from March 19 at 11:00 AM until further notice.
The listing of StraitsX USD on Binance opens new opportunities for crypto market participants, ensuring stability and reliability in the digital finance ecosystem.
