Binance launches StraitsX USD (XUSD) and opens XUSD/USDT spot trading pairs. StraitsX USD (XUSD for short) is a stablecoin issued by StraitsX that is pegged to the US dollar, with the value of each XUSD always maintaining a 1:1 exchange ratio with 1 US dollar. StraitsX is a payment infrastructure company headquartered in Singapore, focusing on providing services for digital assets in Southeast Asia. The company is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS), which provides regulatory compliance guarantees for its operation and issuance of stablecoins. Issuance and Background StraitsX is committed to connecting the financial ecosystem of ASEAN with the stability of the US dollar through XUSD, suitable for cross-border payments and digital asset transactions. Each XUSD is fully supported by reserve assets to ensure its value stability, and is audited by a compliance auditing firm in Singapore (such as an ISCA registered auditing company). Users can mint XUSD by depositing US dollars into their StraitsX account or exchanging them back into US dollars. XUSD can be used for decentralized finance (DeFi) protocols, payments, and swaps with other stablecoins such as XSGD or USDC. StraitsX also offers personal and corporate accounts, supporting fund management through traditional bank transfers or blockchain networks. The issuance of XUSD is in line with Singapore's upcoming stablecoin regulatory framework and has been recognized by MAS, enhancing its credibility in terms of compliance.