Solana Stablecoin News: StraitX to debut Singapore and U.S. dollar stablecoins on Solana for quick currency exchange
StraitX will launch its XSGD and XUSD stablecoins on Solana in early 2026 for instant SGD/USD swaps.Summary
Crypto infrastructure firm StraitX announced plans to launch its Singapore dollar stablecoin (XSGD) and U.S. dollar stablecoin (XUSD) on the Solana public blockchain in early 2026, in collaboration with the Solana Foundation. This debut will enable instant, on-chain swaps between SGD and USD, effectively creating digital forex trading on the high-speed blockchain. StraitX CEO Tianwei Liu stated this move is 'game-changing' as it unites CEX support, AMM liquidity, and everyday payments on Solana, positioning the stablecoins for adoption in smart AI tools. For Solana, the arrival of XSGD marks the first-ever SGD stablecoin on the network, strengthening its role as a global payments chain. At the time of the announcement, XSGD and XUSD had market caps of $13 million and $50 million, respectively, and had processed over $18 billion in transaction volume across other supported chains.
(Source：CoinDesk)