Bybit teams up with StraitsX for a promotion, offering a 50,000 XUSD prize pool for USD deposits via SWIFT from September 10, 2025, to October 31, 2025.
This initiative underscores the collaboration between exchanges and institutional partners, potentially impacting market dynamics and stablecoin utilization.
Bybit and StraitsX have announced a promotion offering a 50,000 XUSD prize pool for deposits via StraitsX using SWIFT. This initiative is meant to attract more users to leverage the stablecoin’s integration.
Bybit, a leading cryptocurrency exchange, collaborates with StraitsX to integrate XUSD deposits. This setup enables users to deposit USD and gain potential rewards in a structured promotional event.
XUSD Deposit Incentives to Boost Trading Liquidity
The promotion focuses on incentivizing USD deposits via StraitsX. It is anticipated to enhance liquidity for XUSD and attract users. Participants depositing over 1,000 USD can receive immediate rewards.
The promotion may affect the market for XUSD and related pairs such as XUSD/USDT. Potential regulatory implications are mitigated by StraitsX’s MAS compliance. The impact on trading volumes remains to be seen.
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Stablecoin Initiatives Gain Momentum on Major Exchanges
Unlike previous listings, this promotion aligns with broader efforts to use stablecoins in mainstream exchanges. Previous XUSD listings on platforms like Binance have resulted in increased liquidity engagement.
Kanalcoin analysts suggest this initiative might strengthen XUSD’s position in market pairings. Previous trends indicate such efforts lead to enhanced user engagement and trading activity.
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