Binance will list StraitsX USD (XUSD), with trading set to commence on March 19, 2025, at 16:00 UTC+8, enhancing trading options for global users.
The listing of XUSD on Binance underscores growing cryptocurrency adoption and enhances trading accessibility with zero-fee promotions, potentially influencing future regulatory and financial landscapes.
Binance Announces XUSD Listing for March 19
Binance announces the listing of StraitsX USD (XUSD), with trading set to commence on March 19, 2025. The decision arrives amid a surge in cryptocurrency adoption across various markets.
StraitsX, a licensed Major Payment Institution, is involved with this development, and will introduce its stablecoin XUSD for spot trading against USDT. This will allow users to engage seamlessly in crypto transactions.
Analysts Predict XUSD Listing to Boost Volumes
The latest price data indicates that StraitsX USD (XUSD) is currently trading at $0.9999, reflecting stable valuations. Analysts suggest this listing is poised to impact transaction volume and enhance trading dynamics.
Experts forecast positive financial and regulatory outcomes from this listing. They cite Binance’s market influence and the regulatory backing from the Monetary Authority of Singapore as pivotal to XUSD’s credibility and adoption.
To celebrate the launch, we will implement a zero fee trading promotion for XUSD/USDT trading pairs from the listing time onward. — Binance Announcement Team, Official Announcement, Binance
Stablecoin Adoption: Lessons from Past Listings
This event mirrors past stablecoin listings on major exchanges, which typically result in enhanced market participation. The history of stablecoins shows increased adoption and market trust following engagement with credible exchanges like Binance.
Experts view this as a natural progression in cryptocurrency evolution, driven by data indicating growing stablecoin usage worldwide. They highlight that Binance’s involvement reinforces the trading network’s robustness and reliability.
