XT Stablecoin XTUSD
XTUSD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
XTUSD (XT Stablecoin) is an ecosystem-captive, USD-pegged stablecoin linked to the XT.com centralized exchange platform. Across all evaluated dimensions, the asset displays substantial structural weaknesses and transparency deficits. Official project documentation, repository tracking, public governance, and identified team members are entirely absent, resulting in very low marks for Active Development (1.5/10) and Team and Governance (2.0/10). In Tokenomics (2.0/10) and Market & Use Case (3.0/10), anomalous data such as zero reported circulating supply against significant trading volumes, a non-standard fixed max supply of ~32.8M for a mint/burn stablecoin, and conflicting pricing/volume metrics across aggregators present severe operational concerns. Crucially, the project lacks any verifiable third-party reserve attestations or smart contract audit reports despite marketing claims. In Security & Audit History (3.0/10), while no token-contract exploit was identified, the parent exchange XT.com suffered a $1.7M hack in November 2024, heightening counterparty risk. Community Support was marked as INSUFFICIENT DATA (-1.0) and excluded from the weighted score calculation due to an absence of verifiable social and community channels. The weighted average yields an overall score of 2.2/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About XT Stablecoin XTUSD (XTUSD)
XT Stablecoin (XTUSD) is a centralized, United States dollar-pegged stablecoin linked to the XT.com centralized exchange ecosystem. Designed primarily as an ecosystem-captive asset, it operates on a standard mint-and-burn framework, although market aggregators record an anomalous fixed maximum supply of approximately 32.8 million tokens. The stablecoin is intended to maintain parity with the US dollar to facilitate trading activities within its native platform.
The project exhibits significant transparency and governance limitations. There is no publicly identifiable development team, public code repository, developer documentation, or decentralized governance framework. Furthermore, while promotional materials claim that reserves and smart contracts are routinely audited by independent third parties, no named auditing firms, formal audit reports, or publicly verifiable reserve attestation documents have been published.
XTUSD presents notable operational, market, and counterparty risks. Market tracking data has recorded severe historical pricing anomalies and depeg events, with reported prices swinging from lows of $0.0371 to highs of $42.29. Additionally, on November 28, 2024, the affiliated exchange XT.com suffered a security breach resulting in the theft of approximately $1.7 million in digital assets. While the exploit affected the parent platform's wallets rather than the XTUSD smart contract directly, the incident highlights ongoing counterparty and operational exposure for token holders.