Avalon Labs (sUSDa)

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XUSD, a stablecoin pegged to the U.S. Dollar, is issued by StraitsX, a licensed Major Payment Institution in Singapore. This digital asset is fully backed by reserve assets and designed for global, always-on payments. Running on the Ethereum and Binance Smart Chain networks, XUSD transactions settle in seconds, making it a robust option for seamless financial operations. The smart contract for XUSD was first deployed in February 2024, aiming to bridge ASEAN’s financial ecosystem with the stability of the world’s primary reserve currency.

StraitsX ensures transparency and trust by providing monthly reserve attestation reports from an ISCA-listed auditing firm. Additionally, XUSD is audited by Quantstamp, further solidifying its reliability. The Monetary Authority of Singapore (MAS) has acknowledged XUSD as compliant with Singapore's upcoming stablecoin regulatory framework, adding another layer of credibility.

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