According to @ai_9684xtpa, Bybit has listed StraitsX’s USD-pegged stablecoin XUSD and is targeting fiat on- and off-ramp growth with deposit incentives. Source: https://x.com/Bybit_Official/status/1965719436091916532; Source: https://twitter.com/ai_9684xtpa/status/1965727725718761516 XUSD is issued by StraitsX and pegged 1:1 to the US dollar, while the issuer also offers Singapore dollar (XSGD) and Indonesian rupiah (XIDR) stablecoins. Source: https://straitsx.com StraitsX states it holds a Major Payment Institution license from the Monetary Authority of Singapore, supporting e-money issuance and cross-border services. Source: https://straitsx.com; Source: https://eservices.mas.gov.sg/fid The author notes XUSD had launched on Binance earlier, with current liquidity and volume mainly concentrated there. Source: https://twitter.com/ai_9684xtpa/status/1965727725718761516 Bybit is promoting a SWIFT bank transfer bonus where deposits of at least 1000 USD receive a 25 XUSD rebate, effectively offsetting fees for new entrants, per the author. Source: https://twitter.com/ai_9684xtpa/status/1965727725718761516 Bybit also launched a limited-time campaign allowing holders of MNT or XUSD to share a 60,000 XUSD prize pool, with rules outlined in its announcement. Source: https://announcements.bybit.com/zh-MY/article/hodl-mnt-or-xusd-and-win-stablecoins-blt835b8809494f09db/