#Cryptocurrency #Bybit #Dubai #UAE #StraitsX USD

Bybit Introduces StraitsX USD and Launches Reward Campaign

In a significant move for the cryptocurrency market, Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced the listing of StraitsX USD (XUSD) on its platform. This new stablecoin, designed to facilitate global payments and enhance digital financing, will be available for trading against USDT in the Main Trading Zone beginning September 10, 2025.

To further celebrate this launch, Bybit is unveiling the XUSD HODLverse campaign, which promises a total of 60,000 XUSD in rewards. This exciting initiative allows users to earn rewards by holding either Mantle (MNT) or XUSD in their Bybit accounts. The HODLverse campaign runs from September 10, 2025, at 10 a.m. UTC until September 16, 2025, at 11:59 p.m. UTC.

How the Campaign Works

Participants in the XUSD HODLverse can look forward to rewards calculated from daily snapshots of their account balances. These snapshots will be taken at random intervals throughout the campaign period. A significant portion of the rewards—35,000 XUSD—will be allocated to MNT holders, while the remaining 25,000 XUSD will reward those holding XUSD. This approach ensures that all eligible participants have a fair opportunity to benefit from the rewards based on their holdings.

About StraitsX USD (XUSD)

StraitsX USD is a fully backed USD stablecoin issued under the Monetary Authority of Singapore's Single Currency Stablecoin Framework. This regulatory approval highlights its reliability as a digital asset. Notably, XUSD has made impressive strides in the blockchain landscape, surpassing $1.5 billion in on-chain transactions thus far. Its growing adoption makes it a notable player in the global finance ecosystem.

The launch of XUSD falls within a broader suite of StraitsX stablecoins which also includes XSGD and XIDR. Together, these are designed to promote digital payments while ensuring that developers have a trustworthy platform for building their blockchain applications. The unique regulatory backing and presence across APAC, MENA, and Latin America further bolster its standing in the competitive stablecoin market.

Bybit’s Commitment to Users

Bybit's commitment to creating a user-friendly experience is evident in this latest offering. The company's strategic partnerships with leading blockchain protocols reflect its aim to enhance on-chain innovation and expand its services tailored towards Web3 technologies.

Founded in 2018, Bybit has quickly distinguished itself through its robust security measures, diverse marketplaces, and intuitive user experience. As part of its ongoing efforts to bridge traditional finance and decentralized finance, Bybit empowers users ranging from casual investors to dedicated developers with the tools and infrastructure they need to thrive.

As always, it's essential for participants to be aware of the inherent risks associated with cryptocurrency trading. Bybit urges all traders to understand these risks fully, considering their individual experience and financial goals before engaging in the market.

For more information on Bybit and their latest offerings, users can visit the official Bybit website and join the growing community of cryptocurrency enthusiasts.

In conclusion, Bybit's recent listing of StraitsX USD and the launch of the XUSD HODLverse campaign clearly mark its continued dedication to enhancing the cryptocurrency trading experience while promoting high standards for stability and security in digital assets.