Is $XUSD Safe to Invest in?
XUSD is a stablecoin issued by StraitsX and regulated by the Monetary Authority of Singapore (MAS). It is pegged 1:1 to the US dollar and designed for fast and transparent digital payments. One of its strengths is that its reserves are held 100% in secure assets, subject to independent audits. Additionally, StraitsX has obtained licenses to operate as a recognized payment institution in Singapore, which adds to its credibility and security .
However, XUSD is still relatively new and there is not much data available on its liquidity and adoption in the broader markets. Also, like any stablecoin, its success will depend on reserve management and transparency over time .
If you are looking for a reliable stablecoin to trade on Binance or in the DeFi sector, XUSD seems like an interesting option, but it is always advisable to diversify and evaluate more established alternatives such as USDC or USDT.
