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StraitsX Confirms 1:1 Fiat Backing for XUSD and XSGD in Latest Reports

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by Giorgi Kostiuk

2 hours ago

StraitsX, a Singapore-based issuer of stablecoins, has released its attestation reports for XUSD and XSGD for June 2025, confirming their 1:1 fiat backing.

Confirmation of XUSD and XSGD Backing

The June 2025 reports confirm that each stablecoin XUSD and XSGD is fully backed by fiat on a 1:1 basis. StraitsX leads this initiative while maintaining regulatory standards.

Boosting Institutional Confidence

Released under ISCA-certified standards, these reports are aimed at enhancing trust from institutional investors. Kenny Chan emphasized the importance of transparency, reinforcing trust in stablecoins.

Every XSGD is appropriately backed and audited monthly by third-party professionals to confirm our reserves' integrity. This is fundamental to stablecoin trust.Kenny Chan, Head of StraitsX

Stablecoin Market Dynamics

Previous attestation releases have similarly led to increased trust without significant market shifts. Thus, comparable reactions are expected this time as well.

StraitsX's transparency is key in maintaining community trust and continuing institutional support within the stablecoin sector.

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