XUSD is the fully collateralised StraitsX stablecoin, powered by open-source blockchain protocols. XUSD is backed one for one with US Dollar (USD).
Just like XSGD, our Singapore dollar stablecoin, all balances in your StraitsX account denominated in USD will be reflected as XUSD. When you make a US dollar deposit into your StraitsX account, we will convert it to XUSD at a 1:1 ratio. Similarly, when you request to transfer XUSD out to your bank account, we will redeem XUSD for USD and send an equivalent amount of US dollars to your bank account.
XUSD tokens will always be redeemable one for one with USD on the StraitsX platform.
XUSD (Ethereum) Token Address: 0xC08e7E23C235073C6807C2EFE7021304cb7c2815
XUSD (BNB Smart Chain) Token Address: 0xF81aC2E1A0373ddE1BcE01E2Fe694a9b7E3bfcB9
For a deeper dive into XUSD, please refer to our whitepaper.