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More Can Use Stablecoin XSGD With Its Launch on Yet Another Platform
The Straits Times
|May 21, 2025
More developers, fintechs and financial institutions can use the Singapore dollar-backed stablecoin XSGD as it becomes available on yet another blockchain platform.
On May 20, StraitsX, a digital payment infrastructure provider backed by Standard Chartered Bank, launched the stablecoin on the XRP Ledger (XRPL), a public blockchain built for large-scale tokenisation of both crypto-native and real-world assets.
The stablecoin, which is fully backed 1:1 by reserves held with DBS Bank and Standard Chartered, allows users another option for payment, including real-time cross-border payments and on-chain settlement.
The launch was done together with Ripple, an enterprise blockchain and crypto solutions firm which also helped develop XRPL. Anyone can access and view data on the XRPL.
Cette histoire est tirée de l'édition May 21, 2025 de The Straits Times.
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