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EdaFace Newsfeed > Latest News > Altcoin News > What is Straitsx USD (xusd) coin?
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What is Straitsx USD (xusd) coin?

vitalclick
Last updated: March 21, 2025 11:21 am
2 months ago
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Contents
What is Straitsx USD?What is xusd coin?The company behind xusd: StraitsxHow to use XUSD Coin Crypto Money Market?Why is XUSD important in Southeast Asia?

Straitsx USD (XUSD) is a stablecoin issued by Straitsx, a Southeast Asian -based digital payment platform. The XUSD, which is indexed to Singapore Dollar (SGD) with a value of 1: 1, is designed to provide stability and efficiency for digital processes. It acts as a bridge between traditional finance and decentralized blockchain networks. Focusing on adaptation to regulations and local priorities, XUSD is increasingly attracting more and more attention, especially in the regional crypto currency ecosystem.

What is Straitsx USD?

The Straitsx USD is a stablecoin which is fixed to Singapore Dollars 1: 1. Supporting the digital payment infrastructure organized in Southeast Asia Straitsx It is part of the ecosystem. Straitsx, a Singapore -based fintech company XFERS PTE. Ltd. developed by and controlled by Singapore Monetary Authority (MAS).

What is Straitsx USD (xusd) coin?

XUSD aims to offer a stable and reliable digital trading currency, especially for users in the ASEAN region. It has been developed to provide faster agreement, lower transfer fees and easier crypto money access. Users with xusd, Bitcoin (BTC) $84,164.68 or Ethereum (ETH) $1,968.79 Compared to traditional crypto currencies such as the price can be transferred to instant money by avoiding voaltility.

It works on large blockchain networks such as Coin, Ethereum and Polygon. These integrations ensure that XUSD is compatible with popular decentralized finance (defi) protocols and wallets. Straitsx also allows users to press and reject the XUSD using the Singapore Dollars directly through their platform.



What is xusd coin?

Xusd coinIs the symbol of the Straitsx USD Stablecoin. This digital coin is completely supported by cash and cash -like assets held in separated accounts. Each XUSD Coin can always be rejected for a Singapore dollar. Thanks to this feature, it is useful for daily transactions, commercial payments and crypto currency purchase and sale.

XUSD’s export is carried out under strict regulatory inspection. Straitsx regularly publishes third -party audit reports that prove that each coin is supported by real reserves. This transparency level creates confidence for both individual users and institutions. XUSD is not only a value representation, but also a tool that allows individuals and businesses to safely move funds in the chain.

Unlike crypto coins with volatility Xusd Protects price stability. Thanks to this feature, it can be used in decentralized applications (Dapps), liquidity pools and cross -border payments.

The company behind xusd: Straitsx

Straitsx, Singapore -based fintech company XFERS PTE. Ltd. It is a digital financial service platform implemented by. The company has focused on building a compatible and efficient payment infrastructure for Southeast Asia. Straitsx operates under the MAS regulatory framework, which guarantees that it firmly adapts to legal and financial standards.

One of the main services of Straitsx is both Straitsx USD (XUSD) and Straitsx Indonesia Rupisi (XIDR) stablecoin infrastructure. These stablecoins are designed specifically for local markets and allow individuals and businesses to easily access blockchain -based financial services. Users can print, reject and transfer XUSD Coin via the Straitsx platform.

In addition to Stablecoins, Straitsx offers APIs and wallet solutions for businesses. These tools allow companies to accept and manage digital payments without having to establish their own blockchain infrastructures. Thus, entrance barriers are significantly reduced for enterprises who want to adopt crypto currency payment systems.

How to use XUSD Coin Crypto Money Market?

Xusd coin crypto currency It has many functions within the market. The most basic use is to be a stable change tool. Thanks to its fixed value to Singapore Dollars, users apply to XUSD to perform predictable operations and value in blockchain networks.

Investors use XUSD to switch between crypto currencies without exposure to price fluctuations. For example, in the periods when the market declines, investors can convert their assets to XUSD to protect the value of their portfolios. This feature allows XUSD to be preferred in decentralized stock exchanges and liquidity pools.

Beyond the purchase and sale procedures, XUSD is used in transactions that bring lending, borrowing and interest in defi protocols. These areas of use require stablecoins in areas such as calculating interest rates and protecting guarantee rates. XUSD’s reserve transparency and regulatory support makes it more attractive than other stablecoins.

Why is XUSD important in Southeast Asia?

Southeast Asia has become a rapidly developing center in terms of financial innovation, and stablecoins play a critical role in this transformation. Many users in the region face problems such as high money transfer fees, foreign exchange conversion costs and limited bank access. The XUSD responds directly to these problems by offering a fast, transparent and low -cost blockchain solution.

One of the biggest advantages of XUSD is local compatibility. Value Singapore DollarAs a stablecoin fixed, it is in harmony with the economic structures and financial habits of users in the region. This allows individuals and businesses to adopt XUSD more easily in daily transactions, salary payments and online trade.

In addition, XUSD’s regulatory status in Singapore increases confidence. While many government in Southeast Asia are working on Stablecoins and Central Bank digital currencies (CBDCs), XUSD provides an example of how such currencies can be applied within the current legal framework. It also introduces users to blockchain technology safely and practically.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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