StraitsX, Solana launch XSGD, XUSD for seamless payments

XSGD, XUSD process over $23.2B (US$18B) in transactions across blockchains

StraitsX has partnered with Solana Foundation to launch its Singapore Dollar-backed stablecoin, XSGD, and US Dollar-backed stablecoin, XUSD, on the Solana blockchain.

The launch of both coins is targeted for early 2026 and the integration will enable seamless SGD and USD settlement on Solana.

The collaboration aims to leverage the network’s high-speed, low-cost infrastructure for real-time global payments and digital commerce.

XSGD is currently live on Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and XRPL, while XUSD is available on Ethereum and BNB Smart Chain.

Together, the two stablecoins have processed over $23.2b (US$18b) in on-chain transaction volume,

XSGD and XUSD both support the x402 standard natively, making them among the first stablecoins designed for automated agent-to-agent payments.

This capability will be carried over to Solana to accelerate adoption across emerging AI-driven use cases, according to the two companies’ announcement.

This marks the first time the Singapore Dollar and US Dollar ecosystems will be deeply bridged on the same chain, the press release said.

Major centralised exchanges are already in the pipeline to support Solana-native XSGD and XUSD, with StraitsX also working with leading decentralised exchanges (DEXs), AMM ecosystems, and Solana’s largest DeFi protocols to establish stablecoin liquidity pools and lending markets.

“Stablecoin adoption is increasingly driven by users and businesses who expect payments to be instant, low-cost, and available everywhere,” said Tianwei Liu, CEO and Co-Founder of StraitsX.