---
title: "StraitsX XUSD (XUSD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/xusd-straitsx/"
description: "Build-time stablecoin profile for StraitsX XUSD (XUSD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-06-03"
---



# StraitsX XUSD (XUSD)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

Same MAS framework as XSGD, but a single dominant DEX pool against tens of millions in supply makes XUSD institutional plumbing without an on-chain audience.

StraitsX's XUSD inherits the same MAS framework, DBS/StanChart/UOB {{term:custody}}custody{{/term}}, and institutional-grade infrastructure as its XSGD sibling, with regular reserve {{term:attestation}}attestation{{/term}} reports, yet the overall C+ tells the real story: a near-flawless peg and dependency profile dragged down by a D-grade liquidity book. One pool holds essentially everything, and the more than a hundred brief, mostly shallow depeg blips on record are exactly what thin markets produce. The circulating supply is respectable for a Singapore-issued dollar stablecoin, but it lives almost entirely off-chain — the on-chain footprint across its deployments is a ghost town. XUSD's stress signals rarely stray from the calm end of the scale and its redemption backstop earns a solid resilience grade, confirming the institutional plumbing works fine; the problem is that nobody building in DeFi has a reason to choose it over USDC. The value proposition is regional FX corridors and StraitsX's banking relationships, not DEX composability — a perfectly valid business, just not one that shows up in on-chain metrics.

## Collateral

Cash, cash equivalents, and short-term U.S. government securities held at regulated financial institutions (DBS, Standard Chartered, UOB), segregated from corporate assets in custody accounts maintained with MAS-licensed custodians

## Peg Mechanism

Fiat-backed 1:1 mint and redeem: users deposit USD to a StraitsX-designated bank account to mint XUSD; redemption returns USD to a whitelisted beneficiary bank account within 5 business days; reserve assets held at 100%+ of circulating supply at all times per MAS SCS framework

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Singapore | MAS | Major Payment Institution |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0xc08e7e23c235073c6807c2efe7021304cb7c2815` | 6 |
| bsc | `0xf81ac2e1a0373dde1bce01e2fe694a9b7e3bfcb9` | 6 |
| solana | `4UbvZiomFvXDnZSz6vdHiDNiHozH2ykTEqjhhbVHiv9z` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/xusd-straitsx.