Singapore-licensed StraitsX to bring its SGD, USD stablecoins to Solana in 2026
StraitsX will launch its SGD-backed XSGD and USD-backed XUSD stablecoins on the Solana blockchain by early 2026.Summary
Singapore-based StraitsX announced plans, in collaboration with the Solana Foundation, to deploy its Singapore dollar-backed stablecoin (XSGD) and US dollar-backed stablecoin (XUSD) onto the Solana blockchain by early 2026. This expansion aims to leverage Solana's high-speed, low-cost infrastructure to meet growing demand from digital commerce and AI applications. StraitsX, which is licensed by the Monetary Authority of Singapore (MAS) and compliant with its upcoming stablecoin framework, noted that both stablecoins already support the x402 standard, which will enable use cases like onchain FX, automated market maker liquidity, and institutional payments on Solana. Currently, XSGD and XUSD have processed over $18 billion in combined onchain volume and are already available on various other blockchains.
(Source：Cointelegraph)