StraitsX, a cost firm regulated by the Financial Authority of Singapore (MAS), has introduced plans to launch its XSGD and XUSD stablecoins on the Solana
$127.44
blockchain.
The collaboration, introduced in a joint weblog submit with the Solana Basis, will allow each XSGD and XUSD to run on Solana’s community.
That is supposed to serve a wide range of wants, which vary from central change buying and selling, automated market makers
$1,370.54
, and lending options to on a regular basis funds, all inside a single blockchain.
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StraitsX and Solana see rising demand from industries, akin to synthetic intelligence (AI) and e-commerce, for one of these deployment.
XSGD is already accessible to be used on Ethereum
$2,928.92
, Polygon
$0.1995
, Avalanche
$12.07
, Arbitrum
$0.1964
, Zilliqa, Hedera
$0.1150
, and the XRP
$1.92
Ledger.
The XUSD stablecoin works on Ethereum and BNB
$863.28
Good Chain. Mixed, transactions with these digital property have surpassed $18 billion on blockchains.
As of December 16, XSGD has a market worth of $13 million with 16.7 million tokens circulating, and XUSD has a market worth of $52 million.
The rollout, anticipated in early 2026, will function assist for the x402 normal, which allows cross-chain Singapore greenback–US greenback swaps, liquidity swimming pools, lending providers, and cost options tailor-made for companies.
Circle not too long ago launched a privacy-focused model of its stablecoin, USDCx, in collaboration with Aleo, a blockchain platform targeted on privateness. What’s the purpose of USDCx? Learn the total story.
