StraitX: XSGD and XUSD stablecoins will be listed on Solana in early 2026.

Odaily Planet Daily reports that crypto infrastructure company StraitX has announced plans to launch its Singapore dollar stablecoin XSGD and US dollar stablecoin XUSD on the Solana blockchain in early 2026. This collaboration aims to enable instant exchange between the Singapore dollar (SGD) and the US dollar (USD) on Solana.

StraitX CEO and co-founder Tianwei Liu stated that launching XSGD and XUSD simultaneously on Solana will integrate centralized exchange (CEX) support, automated market maker (AMM) liquidity, lending pools, and daily payments onto a single high-performance blockchain.

Lu Yin, Head of Asia Pacific at the Solana Foundation, stated that the arrival of XSGD brings Solana users their first digital version of the Singapore dollar. The Solana network currently holds $15.7 billion worth of stablecoins pegged to currencies such as the US dollar and Australian dollar, but previously lacked an option pegged to the Singapore dollar.

StraitX states that these two stablecoins have processed over $18 billion in on-chain transactions. According to Coingecko data, as of press time, XSGD and XUSD have market capitalizations of $13 million and $50 million, respectively. XSGD is listed on Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and XRPL, while XUSD is listed on Ethereum and BNB Smart Chain.