XSGD

XSGD is a stablecoin pegged to the Singapore Dollar (SGD), designed to maintain a consistent value with the SGD. It operates on several blockchains, including Ethereum, Polygon, and Zilliqa. Each XSGD token is fully collateralized one-for-one by the Singapore Dollar, providing a stable and reliable digital currency option for users​​​​​​.

XSGD is issued by StraitsX, a trademark of Xfers Pte Ltd. StraitsX is a licensed Major Payment Institution by the Monetary Authority of Singapore, operating under a framework that ensures compliance with the Payment Services Act. This regulatory compliance adds a layer of trust and reliability to the operations of StraitsX and the issuance of XSGD. StraitsX's approach exemplifies a blend of innovation in digital currency with adherence to regulatory standards​​​​.

XSGD offers several advantages for its users. Primarily, it facilitates near-instantaneous cross-border transactions and allows for the swapping of other stablecoins at competitive rates. Moreover, it supports micropayments due to its ability to be counted out to six decimal places, addressing a key limitation of traditional fiat-based digital payment systems. XSGD's versatility also extends to its usability across various blockchain ecosystems, including Zilliqa and Ethereum, thereby enhancing its utility in the evolving landscape of digital finance​​.