StraitX is planning to launch a Singapore Dollar-backed stablecoin on Solana in early 2026.

By: theblockbeats.news|2025/12/16 16:46:11

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BlockBeats News, December 16th, Cryptocurrency infrastructure company StraitX announced that it plans to launch the Singapore Dollar stablecoin XSGD and the USD stablecoin XUSD on the Solana public blockchain in early 2026, and will collaborate with the Solana Foundation to promote it. At that time, users will be able to achieve instant on-chain conversion between SGD and USD on Solana, equivalent to "on-chain forex trading".

This is the first time the Solana network has introduced the Singapore Dollar (SGD) stablecoin. Currently, Solana has already hosted approximately $15.7 billion in USD, AUD, and other fiat currency stablecoins, but SGD was not previously supported.

StraitX stated that XSGD and XUSD will operate on Solana's high-speed, low-cost environment, serving scenarios such as AI automated payments, DeFi applications, cross-border settlements, and everyday payments, and will be compatible with centralized exchanges, AMM liquidity pools, and lending protocols.

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