StraitsX to Launch XSGD and XUSD Stablecoins on Solana in Early 2026
Crypto infrastructure firm StraitsX plans to debut its Singapore dollar (XSGD) and U.S. dollar (XUSD) stablecoins on the Solana blockchain in early 2026, marking a major milestone for digital forex trading on high-speed public blockchains.
The launch, announced Tuesday and targeted in collaboration with the Solana Foundation, will enable instant swaps between SGD and USD directly on Solana. This will give users seamless access to blockchain-based foreign exchange, allowing them to exchange two major fiat currencies at low cost and near-instant speeds.
Solana’s First SGD Stablecoin
For Solana, the integration represents a first: XSGD will be the blockchain’s inaugural Singapore dollar–backed stablecoin. While Solana already hosts more than $15.7 billion in stablecoins tied to currencies such as the U.S. and Australian dollars, it has lacked an SGD-denominated option until now.
“Launching XSGD and XUSD together on Solana will be game-changing,” said Tianwei Liu, CEO and Co-Founder of StraitsX.
“It unites CEX support, AMM liquidity, lending pools, and everyday payments on a single high-performance chain. This brings us closer to a world where digital money moves across networks as easily as information does today.”
Powering Digital Forex and AI-Driven Payments
The move positions StraitsX’s stablecoins at the center of automated and AI-driven on-chain economies. Solana’s payment standard, x402, allows applications and AI agents to transact autonomously using small, machine-to-machine payments—an area where fast and inexpensive transactions are essential.
Solana is widely known for offering significantly faster and cheaper transactions compared to rival Layer-1 blockchains such as Ethereum, making it attractive for payments, remittances, and automated financial applications.
“Stablecoin adoption is increasingly driven by users and businesses who expect payments to be instant, low-cost, and available everywhere,” Liu added.
Expanding Cross-Border and DeFi Use Cases
Lu Yin, Head of APAC at the Solana Foundation, said the launch strengthens Solana’s position as a global payments network.
“Welcoming both XSGD and XUSD to Solana expands the network’s role as a top global payments chain and unlocks new opportunities—from instant cross-border settlements to DeFi applications like lending, borrowing, and yield generation,” Yin said.
He added that native SGD and USD liquidity further reinforces Solana as a core infrastructure layer for AI- and machine-driven on-chain transactions.
Growing Stablecoin Footprint
According to CoinGecko, XSGD and XUSD currently have market capitalizations of approximately $13 million and $50 million, respectively.
XSGD is already live across multiple networks including Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and XRPL, while XUSD is available on Ethereum and BNB Smart Chain.
StraitsX reported that its stablecoins have processed over $18 billion in total on-chain transaction volume, highlighting strong adoption across payments, remittances, and digital finance use cases.
With the upcoming Solana launch, StraitsX aims to bring true digital forex trading to one of the world’s fastest blockchains—bridging traditional currencies with next-generation financial infrastructure.$BTC
