Crypto infrastructure firm StraitsX has announced plans to debut its Singapore dollar-backed XSGD and U.S. dollar-backed XUSD stablecoins on the Solana blockchain in early 2026. The rollout, developed with the Solana Foundation, will allow instant on-chain swaps between SGD and USD.
The move gives Solana its first exposure to a major Asian currency stablecoin and enables fast, low-cost digital foreign exchange. StraitsX said the integration supports automated payments, AI-driven applications, and smart economic systems using Solana’s high-speed infrastructure.
At press time, XSGD and XUSD had market capitalizations of around $13 million and $50 million, respectively. XSGD is already live on multiple blockchains, while XUSD operates on Ethereum and BNB Smart Chain. Together, the stablecoins have processed over $18 billion in on-chain transaction volume.
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