StraitsX Brings XSGD and XUSD Stablecoins to Solana Blockchain

The collaboration, announced in a joint blog post with the Solana Foundation, will enable both XSGD and XUSD to run on Solana's network.

This is intended to serve a variety of needs, which range from central exchange trading, automated market makers MKR $1,302.07 , and lending solutions to everyday payments, all within a single blockchain.

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StraitsX and Solana see growing demand from industries, such as artificial intelligence (AI) and e-commerce, for this type of deployment.

XSGD is already available for use on Ethereum ETH $1,698.38 , Polygon MATIC $0.1995 , Avalanche AVAX $6.78 , Arbitrum ARB $0.0822 , Zilliqa, Hedera HBAR $0.0816 , and the XRP XRP $1.17 Ledger.

The XUSD stablecoin works on Ethereum and BNB BNB $604.20 Smart Chain. Combined, transactions with these digital assets have surpassed $18 billion on blockchains.

As of December 16, XSGD has a market value of $13 million with 16.7 million tokens circulating, and XUSD has a market value of $52 million.

The rollout, expected in early 2026, will feature support for the x402 standard, which enables cross-chain Singapore dollar–US dollar swaps, liquidity pools, lending services, and payment solutions tailored for businesses.

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