StraitsX, a payment company regulated by the Monetary Authority of Singapore (MAS), has announced plans to launch its XSGD and XUSD stablecoins on the Solana
The collaboration, announced in a joint blog post with the Solana Foundation, will enable both XSGD and XUSD to run on Solana’s network.
This is intended to serve a variety of needs, which range from central exchange trading, automated market makers
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StraitsX and Solana see growing demand from industries, such as artificial intelligence (AI) and e-commerce, for this type of deployment.
XSGD is already available for use on Ethereum
The XUSD stablecoin works on Ethereum and BNB
As of December 16, XSGD has a market value of $13 million with 16.7 million tokens circulating, and XUSD has a market value of $52 million.
The rollout, expected in early 2026, will feature support for the x402 standard, which enables cross-chain Singapore dollar–US dollar swaps, liquidity pools, lending services, and payment solutions tailored for businesses.
Circle recently introduced a privacy-focused version of its stablecoin, USDCx, in collaboration with Aleo, a blockchain platform focused on privacy. What is the goal of USDCx? Read the full story.
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