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StraitX to Launch XSGD and XUSD Stablecoins on Solana in Early 2026
Summary: Cryptocurrency infrastructure company StraitX has announced plans to launch its Singapore Dollar stablecoin XSGD and US Dollar stablecoin XUSD on the Solana blockchain in early 2026. The collaboration aims to enable instant exchange between the Singapore Dollar (SGD) and the US Dollar (USD) on Solana. StraitX CEO and Co-founder Tianwei Liu stated that the simultaneous ...
Cryptocurrency infrastructure company StraitX has announced plans to launch its Singapore Dollar stablecoin XSGD and US Dollar stablecoin XUSD on the Solana blockchain in early 2026. The collaboration aims to enable instant exchange between the Singapore Dollar (SGD) and the US Dollar (USD) on Solana.
StraitX CEO and Co-founder Tianwei Liu stated that the simultaneous launch of XSGD and XUSD on Solana will integrate centralized exchange (CEX) support, automated market maker (AMM) liquidity, lending pools, and daily payments on a high-performance blockchain.
Lu Yin, Head of the Solana Foundation in the Asia-Pacific region, mentioned that the arrival of XSGD brings the first digital version of the Singapore Dollar to Solana users. The Solana network has already hosted stablecoins pegged to currencies like the US Dollar and Australian Dollar worth $15.7 billion, but previously lacked an option for the Singapore Dollar.
StraitX stated that the two stablecoins have processed over $18 billion in on-chain transaction volume. According to Coingecko data, as of the time of writing, XSGD and XUSD have market capitalizations of $13 million and $50 million, respectively. XSGD is already available on Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and XRPL, while XUSD is available on Ethereum and BNB Smart Chain.
