Gate News update: On March 31, stablecoin issuer StraitsX announced that its Singapore dollar stablecoin XSGD and its U.S. dollar stablecoin XUSD have officially gone live on the Solana network. These two stablecoins will be used for on-chain foreign exchange trading and high-performance settlement.

The crypto infrastructure company StraitX announced plans to launch Singapore dollar stablecoin XSGD and US dollar stablecoin XUSD on the Solana blockchain in early 2026, facilitating instant exchange between the two currencies and promoting digital forex trading. This will be Solana's first Singapore dollar stablecoin and will enhance its role in the global payment network.

Cryptocurrency infrastructure company StraitX announced plans to launch Singapore dollar stablecoin XSGD and US dollar stablecoin XUSD on the Solana public blockchain, providing users with blockchain-based fast and low-cost currency exchange services. This marks the first time that a stablecoin asset linked to the Singapore dollar has been introduced into the Solana ecosystem. According to official disclosures, StraitX will collaborate with the Solana Foundation, and the launch of these two stablecoins is expected in early 2026. At that time, Solana users will be able to perform instant on-chain exchanges between Singapore dollar (SGD) and US dollar (USD), which can be seen as a decentralized, automated digital foreign exchange infrastructure.

PANews reported on November 18 that Southeast Asian ride-hailing giant Grab has signed a memorandum of cooperation with Singapore stablecoin platform StraitsX, planning to create a Web3 wallet and stablecoin settlement network for the Asian market. The two parties will promote the integration of the Web3 wallet into the Grab App, enabling GrabPay merchants to accept stablecoins such as XSGD and XUSD, and achieve cross-border, real-time, and compliant settlement. The system will introduce smart contracts and on-chain fund management, with all user assets managed by non-hosted wallets in compliance with regulatory requirements.