Back to blog
Everything you need to know about XUSD
Uruba Niazi

VP of Marketing - Content

03 May 2024
3 min read

This blog will take you through everything you need to know about the XUSD stablecoin and what makes it the best choice for users.

The CrossFi ecosystem revolutionizes the cryptocurrency transaction experience through its non-custodial payments and banking features. Unlike traditional banking services, where third parties manage user funds and expose users to fractional reserve banking, CrossFi empowers users with complete control over their crypto assets. Our system runs on our native coin and we have introduced XUSD stablecoin for safe and fast use within our ecosystem. This blog will take you through everything you need to know about the XUSD stablecoin and what makes it the best choice for users. 

The XUSD is an algorithmic stablecoin tied to the value of the US dollar, operating within the CrossFi Network. XUSD will be backed by XFI and other digital assets will be added in the future. It is designed to maintain a 1:1 peg with the USD through a collateralization mechanism. Users can mint XUSD by collateralizing 300% of the desired amount in XFI. Minted XUSDs can be used for various purposes, such as asset storage, purchasing other tokens, etc. Suppose a user’s collateralization position becomes unhealthy, with the price of XFI dropping below 200% of the minted XUSD amount. In that case, the position is liquidated, using collateralized XFIs to pay for XUSD and liquidation fees.

How can I use XUSD?

XUSD is the preferred method of payment within the CrossFi App. Holding and spending XUSD can bring you earnings, utility, and rewards.

  • Pay for anything in XUSD via the CrossFi APP anywhere in the world, as with a regular stablecoin.
  • Invest XUSD further in other cryptocurrencies.
  • Send XUSD to lpUSD and earn in xAPP: Earn commission in XAPP and receive XFI rewards.

What is the difference between popular Stablecoins?

USDT and USDC are two of the most used stablecoins in crypto today. They are backed by Tether Ltd and Coinbase Inc, respectively. Both those companies are exposed to regulatory scrutiny and can be shut down or banned. The ability of the coin to maintain its value depends on these companies keeping a balanced reserve of fiat currency and assets. This balance has failed in the past, with USDT dropping to $0.88. The volatility of the global fiat market directly affects these stablecoins, negating the fact that cryptocurrencies should be independent of global economic pressures. Due to these factors, CrossFi created a better stablecoin for use in the CrossFi ecosystem.

Why is XUSD better than other stablecoins?

  • It is stable and backed by reserves of 1:3. This is three times higher than other stablecoins.
  • Protection against inflation, thanks to the mechanism of collateralization.
  • Fully transparent reserves, confirmed by smart contracts, imitated by users.
  • There is no risk of third parties freezing or regulating users’ assets.
  • Thanks to the collateral mechanism, an increase in the amount of XUSD in the market increases the XFI deficit.
  • XFI holding, withdrawal at any time.

Details »»» 


XUSD represents a significant advancement in stablecoin technology, offering users stability, transparency, and autonomy within the CrossFi ecosystem. With its innovative approach to stablecoin issuance and management, CrossFi sets a new standard for financial freedom and security in the world of cryptocurrency.

Compared to popular stablecoins like USDT and USDC, XUSD offers several distinct advantages. It boasts a higher collateralization ratio of 1:3, providing greater stability and protection against inflation. Additionally, XUSD reserves are fully transparent and confirmed by smart contracts, ensuring reliability and trustworthiness for users. Unlike other stablecoins, XUSD eliminates the risk of third-party intervention or asset freezing, offering users unparalleled control over their assets within the CrossFi ecosystem.


Show more (0)
for subscribing

You will receive only the most interesting news from the world of finance

Read our blog
.01you may also like
CrossFi Chain Testnet
CrossFi Chain – What are Cosmos and EVM? In this blog, we will dive deeper into Cosmos and EVM technology. 01 May 2024 • 4 min read
Cross Finance
CrossFi App vs. Neobanking The CrossFi App marks a significant breakthrough in digital banking, seamlessly blending traditional finance with the cryptocurrency world. 26 Apr 2024 • 5 min read
Genesis Capital Has Invested CrossFi Cross Finance proudly announces Genesis Capital as its newest investor in advancing DeFi Payment Solutions. 24 Apr 2024 • 1 min read
Cross Finance
What Can CrossFi Do? In this article, we will dive into each CrossFi product and their purpose for being built for our user base. 23 Apr 2024 • 5 min read
Modular and Monolithic Blockchains – Who Wins the Usability Battle A battle has raged between monolithic and modular blockchain architecture to find out who is the best! Read our blog to find out who wins! 17 Apr 2024 • 5 min read
CrossFi Team
7 Tips For Successful Investing from CrossFi IR Experts One of the most popular Google search queries around the world are: “How do I invest in cryptocurrencies?”, “How can I start investing?”, and "What should I be investing in right now?". The Cross Fina... 16 Apr 2024 • 3 min read
How Cryptocurrency is Used in the World – 2024 This blog gives a quick overview of our most intriguing results from the survey report and its significance for DeFi projects. 12 Apr 2024 • 5 min read
Regulatory Landscape in Asia Discover the evolving regulatory landscape of cryptocurrency in Asia and its impact on the future of finance! 09 Apr 2024 • 5 min read
7 Reasons Why Crypto Projects Need to Develop Discord Server Using various platforms for communication and building partnerships plays a key role in the successful development of projects in the blockchain and crypto fields. One of the most popular and effectiv... 06 Apr 2024 • 3 min read
How have people lost control of money over the centuries? In this article, we explore the historical context of money, ownership, the rise of cryptocurrencies, and the transformative potential of innovative platforms like CrossFi in shaping the future of fin... 05 Apr 2024 • 7 min read
CrossFi Chain Testnet
4 Incentivized Ways to Make Money with CrossFi at Your Fingertips Here is a look at the most lucrative incentives that have earned our users much coin! (Pun intended.) 12 Jul 2024 • 3 min read
CrossFi Chain Testnet
Dex Guru demos tools for success in upcoming CrossFi Hackathon Here is a short synopsis of what was discussed in the partner workshop with Dex Guru’s Evengy and a video of the workshop itself. 02 Jul 2024 • 3 min read
CrossFi & DChain: Powering the Future of Web3 Gaming In a significant move to enhance the blockchain gaming ecosystem, CrossFi and DChain have announced a strategic partnership that promises to bring innovative solutions to the Web3 gaming space. 25 Jun 2024 • 1 min read
CrossFi Chain Testnet
Leading Validators Thrive on CrossFi Testnet: A New Era of Blockchain Success These narratives are a testament to the hard work and perseverance of our validators, who have navigated a challenging path to contribute to the growth and stability of the CrossFi ecosystem. 21 Jun 2024 • 5 min read
10 Key Strategic Insights from CrossFi at the Proof of Talk Web3 Conference in Paris CrossFi, a frontrunner in the cross-chain DeFi space, was thrilled to participate in the Proof of Talk Web3 Conference in Paris, 10-11 June 2024. The conference was an impressive gathering of visionar... 13 Jun 2024 • 3 min read
Key Takeaways From Money 20/20 Europe in Amsterdam 2024 We attended Money 20/20 Europe in Amsterdam to get a pulse on the industry. Here are the key takeaways and insights we gained from the conference. 12 Jun 2024 • 3 min read
CrossFi Wins The Best All-In-One Blockchain Payment Solution in Americas Region Exciting News! 11 Jun 2024 • 1 min read
Cross Finance CrossFi Chain Testnet
How To Earn Crypto With CrossFi? If you aim to earn crypto, you have come to the right place. The CrossFi ecosystem is designed to reward users for participating and contributing to the platform. This post will describe how you can e... 06 Jun 2024 • 3 min read
CrossFi Chain Testnet
Why Should Everyone Try CrossFi Testnet Now? Welcome to the world of CrossFi, where innovative DeFi solutions, exciting gaming experiences, and cutting-edge trading platforms converge. Our suite of products, including the xApp, BingoRingo, and x... 06 Jun 2024 • 3 min read
CrossFi and Versus-X Partnership CrossFi announces its strategic partnership with Versus-X, a multi-token and cross-chain wagering gaming studio. This collaboration will leverage the strengths of both platforms and bring about innova... 05 Jun 2024 • 2 min read