StraitX to Launch XSGD and XUSD Stablecoins on Solana in Early 2026 for Instant SGD-USD Swaps
StraitX plans to debut its Singapore dollar stablecoin (XSGD) and U.S. dollar stablecoin (XUSD) on the Solana blockchain in early 2026 in collaboration with the Solana Foundation. This launch will enable instant SGD-USD swaps on Solana, facilitating digital forex trading on the blockchain.
While XSGD is already live on Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and XRPL, and XUSD is available on Ethereum and BNB Smart Chain, this marks Solana's first introduction of an SGD stablecoin. Solana currently hosts about $15.7 billion in currency-stablecoins.
StraitX's XSGD and XUSD have already processed over $18 billion in on-chain transaction volume. As of the report, XSGD’s market capitalization was approximately $13 million and XUSD’s about $50 million, according to CoinGecko.
The initiative leverages Solana's x402 standard, which supports automated micro-transactions between decentralized applications and AI systems. This technology aims to enable instant cross-border settlements and decentralized finance (DeFi) use cases, expanding capabilities for cross-network, instant, low-cost digital payments and AI-enabled on-chain transactions on Solana.
