The cryptocurrency infrastructure company StraitX announced plans to launch the Singapore dollar stablecoin XSGD and the US dollar stablecoin XUSD on the Solana public blockchain in early 2026, in collaboration with the Solana Foundation. At that time, users will be able to achieve instant on-chain exchanges between SGD and USD on Solana, equivalent to "on-chain foreign exchange trading."

This is the first time the Singapore dollar (SGD) stablecoin has been introduced to the Solana network. Currently, Solana supports approximately 15.7 billion dollars in fiat stablecoins such as the US dollar and Australian dollar, but has not previously supported SGD.

StraitX stated that XSGD and XUSD will serve scenarios such as AI automated payments, DeFi applications, cross-border settlements, and daily payments in Solana's high-speed, low-cost environment, and will be compatible with centralized exchanges, AMM liquidity pools, and lending protocols.