StraitsX USD (XUSD) is a stablecoin pegged to the Singapore Dollar, created by the digital payment platform StraitsX. It acts as a bridge between traditional finance and decentralized networks.
What is StraitsX USD?
StraitsX USD is part of the StraitsX ecosystem, supporting a regulated digital payment infrastructure in Southeast Asia. Developed by Xfers Pte. Ltd. and regulated by the Monetary Authority of Singapore, it provides users with a stable and reliable digital currency for transactions.
Features of XUSD Coin
XUSD Coin is fully backed by cash and cash-like assets held in segregated accounts. Each coin can be redeemed for one Singapore Dollar. The issuance is conducted under strict regulatory oversight, ensuring transparency and trust. XUSD maintains price stability, allowing its use in decentralized applications and cross-border payments.
Importance of StraitsX in Southeast Asia
Southeast Asia is rapidly becoming a hub for financial innovation. XUSD addresses high money transfer fees and limited bank access by offering a solution aligned with local economies. Its regulatory status in Singapore enhances user trust, making it easier for daily transactions.
StraitsX USD combines traditional financial stability with blockchain opportunities, offering a reliable solution for digital transactions in Southeast Asia.
