Singapore-licensed StraitsX to bring its SGD, USD stablecoins to Solana in 2026
Monetary Authority of Singapore-licensed issuer StraitsX plans to expand its SGD- and USD-backed stablecoins to Solana, targeting AI-driven transactions.
Singapore-based StraitsX plans to bring its Singapore dollar-backed XSGD and US dollar-backed XUSD to the Solana blockchain by early 2026.
The rollout, announced in collaboration with the Solana Foundation, will allow users to settle transactions in Singapore dollar- and US dollar-backed stablecoins using Solana’s high-speed, low-cost infrastructure, the issuer said in a Tuesday blog post.
“Launching XSGD and XUSD together on Solana will be game-changing. It unites CEX support, AMM liquidity, lending pools, and everyday payments on a single high-performance chain,” said Tianwei Liu, co-founder and CEO of StraitsX.
