XCD is the official currency of eight Caribbean territories that form the Eastern Caribbean Currency Union. It is issued by the Eastern Caribbean Central Bank (ECCB).

The East Caribbean dollar has been pegged to the US dollar at 2.70 XCD = 1 USD since 1976. Member countries include Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, plus British territories Anguilla and Montserrat. The ECCB launched DCash, making it the first currency union with a digital currency.