StraitsX USD ($XUSD) has seen a significant surge following Binance’s announcement that it will list the stablecoin on its platform, set to open trading on March 19, 2025, at 08:00 UTC. Moreover, as part of the listing celebration, Binance is offering a zero trading fee promotion for the XUSD/USDT spot trading pair, generating significant interest among traders.
XUSD, a stablecoin pegged to the US Dollar, is issued by StraitsX, a licensed major payment institution.
Binance Lists StraitsX USD ($XUSD)
According to the official statement, the new Spot Trading Pair will be XUSD/USDT. Users can begin depositing XUSD in preparation for trading, and the listing fee for the trading pair is 0 BNB.
$XUSD withdrawals will be available starting March 20, 2025, at 08:00 UTC. The timing is approximate, and users should check the withdrawal page for the most up-to-date information.
However, it’s important to note that the trading volume on the XUSD/USDT pairs will not count toward the VIP tier volume calculation, nor will it apply to liquidity provider programs during the promotion period. Additionally, BNB discounts, referral rebates, and other adjustments will not be applicable for the XUSD/USDT trading pairs during this time.
StraitsX USD (XUSD) has quickly gained traction in the market. Following the listing announcement, $XUSD saw a surge of over 2% in price, currently trading at $1.02.
The market cap of the stablecoin has grown to $28.46 million, with a 27,000% increase in 24-hour market volume, which now stands at $3.54 million.
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