Offers 1:1 USD to XUSD conversion via SWIFT deposits through a Bybit promotion running until February 10, 2026, with a 50,000 XUSD reward pool.

Thailand's second-largest bank KBank integrates for cross-border payments between Thailand and Singapore, extending the Alipay+ use case that serves 1.6B+ tourists at GrabPay merchants in Singapore, powered by Avalanche.

A $5M vault with 12% XUSD exposure lost $645K, and liquidity completely depleted as depositors withdrew funds on a first-come-first-served basis rather than proportional haircuts.

The xUSD market is the 6th largest market on Morpho protocol's Plume network.

More than $10B worth of international stablecoins including XSGD move on Polygon blockchain.

XSGD listed among non-USD stablecoins that grew in multiples from September, with collective on-chain supply nearly doubling on Base.

Active Discord scam targets XUSD incident victims through fake recovery servers, with multiple victims losing $50K+ to scammers using psychological manipulation tactics including sockpuppet accounts, fake whale groups, and trust-building monetary transfers.

StraitsX signs MOU with Grab to explore development of Web3 wallets and stablecoin-based settlement layer across Asia.

$SYRUP and $MORPHO are both identified as $10 billion protocols potentially exposed to fallout that could evolve from the $500M xUSD incident into trillions of dollars in worldwide finance incidents.

Morpho Labs USDC Prime vault on Mainnet maintains sustainable liquidity, zero bad debt, and sticky TVL during the October through early November xUSD/deUSD insolvency stress event.

Coinbase Business launches in Singapore supporting XSGD stablecoin for instant settlement, marking Coinbase's first international business expansion outside the US.

Second vault depositors realize 5% capital loss while the first vault gets delisted from UI due to complete loss, with Arbitrum xUSD losses expected in 2 days.

VaultBridge-curated vaults on Ethereum and vaults surfaced in the Katana web app have zero xUSD exposure and remain fully collateralized according to official project statement.

Approximately $60M in user deposits remain frozen while the project advertises new vaults.

Balancer's $128M exploit triggers an xUSD-deUSD collapse, with the xUSD event causing deUSD to collapse as well.

MEVCapital's Morpho USDC vault on Arbitrum faces millions in withdrawals due to 6% xUSD exposure, creating a 36% APY yield opportunity including ARB incentives.

No curators exposed to xUSD had read API access to verify Stream's offchain holdings, explaining the inability to ascertain off-chain exposure.

xUSD sees $411M in outflows as part of $1B total exodus from yield-bearing stablecoins, marking the largest outflow event since the UST collapse. Gauntlet vaults report zero xUSD exposure and their risk management performed as expected during the crisis.

Silo hides all xUSD-impacted vaults and isolated markets from their app to prevent new deposits into high-risk, illiquid markets while existing users retain access to manage positions through the dashboard.

Trevee confirms 6.9% of splUSD has xUSD exposure but continues delaying official announcement to return the remaining 93.1% to holders, creating uncertainty about fund recovery.

A Permissionless pool that mitigated $30M of xUSD risk receives a new $1M deposit during the ongoing crisis, demonstrating user trust.

Morpho and Euler halt withdrawals following xUSD crisis with losses estimated at $500M+.

xUSD liabilities reach $300-500M versus earlier $60-90M estimates, with hardcoded money market integrations on Euler and Morpho requiring weeks to months to unwind while accumulating bad debt.

Trevee_xyz's wstkscUSD token trades at $0.19 following depeg from xUSD exposure with multiple ecosystem pools impacted; Silo prepares legal action.

Critic warns that money markets allowing hardcoded stablecoin oracles are complicit in user fund losses, attributing the xUSD crisis on Euler and Morpho to greed for TVL, and warns Aave faces similar risks with USDe.

Trevee_xyz accused as second biggest scammer in xUSD crisis; splUSD halts all redemptions and unstaking with 6.9% exposure to xUSD, while Mithras scUSD exposure of $13M (92%) borrowed against xUSD collateral on Silo and Euler platforms revealed.

Yearn Finance publicly states no exposure to xUSD, deUSD, mHyper, or yUSD across all products.

Retrospective analysis explicitly classifies xUSD as a scam and ponzi, noting the 18% APY on stables as a key warning sign that was ignored.

Inverse Finance spotted deUSD issues in August and unilaterally paused deUSD borrows and off-boarded exposure, while also rejecting multiple Stream Finance requests to add xUSD as collateral due to high-risk strategies.

Morpho markets experience outflows causing temporary rate spikes and illiquidity as cascading effect from xUSD crisis. Additional protocols including Superform and mRE7YIELD report zero exposure to xUSD, while curators SteakhouseFi, k3_capital, and gauntlet_xyz praised for avoiding the crisis.

0xlaw attempts to solicit $20M investment into xUSD, drawing comparisons to Three Arrows Capital's desperate capital raising before collapse.

Gearbox Protocol prevents $30M in bad debt for LPs with xUSD exposure. Additional cascading effects include USDX losses of ~$1m on Balancer v2 from hack (allegedly covered in full), Moonwell oracle exploit affecting core market, and unclear xUSD exposure across multiple Stream Finance assets (mHYPER, yUSD, rUSD, deUSD, mf-ONE, scUSD).

ESK confirms zero exposure to Stream xUSD or Elixir deUSD and states only Hype, Pump, and ETH protocols passed their internal risk review.

Plasma pool reduces xUSD exposure from $30M to $72K as Invariant Group increases rates to unsustainable levels and zeros borrow limits. Stream repays position to avoid liquidation, protecting Plasma pool lenders despite pool shrinking to half its size.

Total impact from XUSD crisis estimated at $1-2 billion due to cascading losses across derivatives and related positions.

External fund manager overseeing Stream funds reports approximately $93 million in asset losses. All deposits and withdrawals are suspended, and Perkins Coie LLP conducts a full investigation.

$XUSD depegs to $0.95 (down 24.7%). Elixir discloses redemption rights at $1 with Stream for its lending position.

xUSD crashed with $110M in losses in the last 24 hours, with public warnings calling the token model a scam.

xUSD currently pays $540K daily in interest.

Invariant reduces xUSD exposure from $30M to ~$70K after xUSD fails to close positions despite 50%+ borrow rates. Elixir holds $67M exposure to xUSD (44% of treasury), triggering urgent withdrawal warnings for deUSD holders. The onchain depeg stems from fromage.eth panic unwinding leveraged long positions.

xUSD experiences withdrawal failures with a 15% depeg to 1.10, triggering urgent withdrawal warnings for Morpho and Euler users.

USDC deposited in a Beethoven (Beets) liquidity pool on Sonic Labs gets sent to Silo Finance, which lends 95% of this USDC to xUSD collateral, creating hidden exposure through multiple protocol hops that takes several steps to discover.

xUSD completes position unwinding, freeing significant liquidity with super low borrowing costs now available.

XSGD lists on Coinbase exchange and goes live on Base L2 network. Base now supports the largest network of local stablecoins across 16 currencies.

Large XUSD suppliers steadily reduce positions, with a pattern where 4-6 figure deposits at 70% APY immediately trigger 6-figure withdrawals.

48 hours after initial FUD, StreamDefi has not shown proof of reserves for xUSD, prompting continued withdrawal recommendations from xUSD and associated Euler/Morpho vaults.

Critics warn about inadequate backing for xUSD and recommend exiting Morpho vaults using xUSD, with confusion about whether xUSD is intended to be a stablecoin.

Rango DEX aggregator completes integration with XRPL, enabling cross-chain swaps for XSGD and other XRPL-based stablecoins. XSGD now part of a group of five XRPL stablecoins that collectively crossed $1B in monthly volume.

StraitsX completes $10M funding round, ranking as one of the top crypto fundraises last week for its payments and stablecoin protocol operations.

Launch on Base (Coinbase's Layer 2 blockchain) announced, extending the Singapore dollar stablecoin's multi-chain deployment beyond its previous XRP Ledger integration.

Coinbase listing goes live with buy, sell, convert, send, receive, and store capabilities now available to customers on Coinbase.com and the Coinbase app.

OKX Pay launches in Singapore with Grab partnership, enabling OKX customers to spend stablecoins at any GrabPay merchant.

Coinbase announces XSGD listing on Coinbase Singapore launching 9/30 with 1:1 SGD redemption, plus Base network deployment with Aerodrome liquidity.

Singapore Police seizes SGD 200,000 in crypto mule case with platform assistance; 49 individuals under investigation.

Singapore dollar-pegged stablecoin XSGD launches on XRP Ledger.

New blockchain integration on XRP Ledger launched to meet rising cross-border payment demand.