Straitsk USD StableCoin grows 5% after list of binance

Straitsk USD, Singapore firm issued USD Stablecoin, has increased as much as 5% after the bynance announced that it will state that token 19. March.

17. Marta, Binance announced That it will be entered by Straitsks USD and open trading for KSUsD / USDT trading Side starting from 19. Marta at 08:00 UTC.

In addition to launch, Binance users will receive a zero trading fee for XUSD / USDT (USDTT) Trade Couple and Margin Trading Couples from the start date for an indefinite period of time. Users can start pulling XUSD on the CRIPTO Exchange 20. Marta at 08:00 UTC.

Shortly after Bynance announced his notice of XUSD, usad Stablecoin They experienced a spike worth, reaching as much as $ 1.05, despite the average price about 0.99 to $ 1.00. At the time of pressure, Stablecoin rose 3.5% to 1.03 dollars.

Xusd’s market cap currently stands almost $ 33 million. In the last 24 hours, Stablecoin accumulated the volume of $ 3.3 million. The token has a total offer of 22.3 million XUS, which already circulates the market.

Straitsks USD is stablecoin which is designed to the US dollar issued Singapore– Straitsk’s removed company. The KSUSD is fully supported by spare means based on 1: 1, with the US dollar. XUSD is designed to facilitate fast transactions. StableCoin can also be used for cross-border remittances, chain trading, definitive applications, corporate treasury management and trading settlements.

Straitsk is a licensed payment institution Monetary Administration Singapore. The company is also part of Fazz Ecosistemm, which facilitates business banking for countries in the southeastern Asian region. In addition to Ksusda, Straidakk also issued KSSGD and XIDR, StableCoins associated in Singapore Dollar and Indonesian Rupiah respectively.

He announced last month that it was in Singapore brand commodity commodity department departments begin Accepting StableCoin payments from customers in physical stores and its online metro broom shop. Back 2023. year, monetary administration Singapore precedent A regulatory framework for stablechoins associated with Singapore dollar or any G10 currency, if their circulation exceeds SGD $ 5 million.