StraitsX Launches XSGD and XUSD Stablecoins on Solana

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StraitsX Brings XSGD and XUSD Stablecoins to Solana Blockchain

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 16, 2025

Key Takeaways

StraitsX will launch its XSGD and XUSD stablecoins on Solana by early 2026, which will expand access to faster, cheaper blockchain payments;
The rollout will support the x402 standard, which enables SGD–USD swaps, liquidity pools, and business-focused cross-chain payment solutions;
XSGD and XUSD have already driven more than $18 billion in transactions across multiple chains.

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StraitsX Brings XSGD and XUSD Stablecoins to Solana Blockchain

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StraitsX, a payment company regulated by the Monetary Authority of Singapore (MAS), has announced plans to launch its XSGD and XUSD stablecoins on the Solana SOL $127.40 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 $1,363.24 , 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 $2,928.02 , Polygon MATIC $0.1995 , Avalanche AVAX $12.19 , Arbitrum ARB $0.2007 , Zilliqa, Hedera HBAR $0.1142 , and the XRP XRP $1.92 Ledger.

The XUSD stablecoin works on Ethereum and BNB BNB $867.81 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.

Circle recently introduced a privacy-focused version of its stablecoin, USDCx, in collaboration with Aleo, a blockchain platform focused on privacy. What is the goal of USDCx? Read the full story.