International Bybit users in eligible countries (see service restricted countries) can now fund their accounts in USD directly through StraitsX’s SWIFT rails, closing the gap between traditional finance and digital assets. Deposits are credited as USD in your Bybit wallet, while being securely held in XUSD, StraitsX’s USD-pegged stablecoin backed 1:1 by reserves with global banking partners.
For many, topping up USD balances on exchanges has meant slow transfers, higher costs, or reliance on third-party channels. StraitsX’s integration changes that by enabling:
- Direct Bank-to-Exchange Transfers – Use StraitsX to remit USD straight from your bank to Bybit.
- Faster, More Reliable Settlement – Enjoy shorter processing times and reduced friction.
- Stablecoin Assurance – Balances are represented as USD but held by Bybit as XUSD, providing stability and transparency.
- Regulatory Confidence – XUSD complies with Singapore’s single-currency stablecoin regulatory framework, giving users clarity and peace of mind.
With this integration, deposits are stable, compliant, and instantly available for trading or earning across Bybit.
How to Make a StraitsX (SWIFT) USD Deposit on Bybit:
- Log in to your Bybit account
- Go to Buy Crypto > Fiat Deposit
- Select USD as your currency
- Choose StraitsX (SWIFT) as your deposit method
- Follow the on-screen instructions to complete your SWIFT transfer
- Convert USD to XUSD at a 1:1 rate via One Click Buy
From Stable Value to Market Access
StraitsX’s partnership with Bybit goes beyond having XUSD just as a deposit vehicle, it’s also a market currency. Bybit has introduced XUSD/USDT and XUSD/BTC spot pairs, giving traders more choice in how they manage exposure, hedge risk, and move seamlessly between USD and crypto. For the first time, the same stablecoin powering fiat deposits also doubles as a liquid trading asset on the exchange.
Why This Matters
This collaboration is more than a new feature release. It signals a future where fiat access, stablecoins, and trading come together in one seamless loop. Deposit USD directly from your bankand put it to work across Bybit’s markets, all in one integrated flow.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, empowering a global community of over 70 million users. Founded in 2018, Bybit focuses on secure custody, deep liquidity, and intuitive tools that bridge TradFi and DeFi, advancing Web3 adoption with robust infrastructure and partnerships.
Disclaimer:
This announcement is provided independently by StraitsX for informational purposes only and is not issued on behalf of Bybit. StraitsX does not endorse or promote Bybit, nor does it solicit any services on Bybit’s behalf.
All remittance services offered under the StraitsX’s SWIFT rails are provided directly by StraitsX. Eligible international Bybit users will be required to complete onboarding with StraitsX and will be treated as StraitsX customers. The service is available only to eligible users and is not open to residents or citizens of Singapore.
