StraitsX plans to launch its Singapore dollar-backed stablecoin XSGD and US dollar-backed stablecoin XUSD on the Solana public blockchain, with an initial rollout targeted for early 2026.
The move expands the company’s multi-chain and cross-border settlement footprint and will make both stablecoins available on Solana for the first time.
“Stablecoin adoption is increasingly driven by users and businesses who expect payments to be instant, low-cost, and available everywhere. Launching XSGD and XUSD together on Solana will be game-changing.
It unites CEX support, AMM liquidity, lending pools, and everyday payments on a single high-performance chain. It also brings us closer to a world where digital money moves across networks as easily as information does today.”
said Tianwei Liu, CEO and Co-Founder of StraitsX.
The integration will enable SGD and USD settlement on Solana, which StraitsX said is increasingly being used for x402-based payments, an interoperability standard designed to support automated machine-to-machine and AI-agent micropayments.
The launch is aimed at supporting cross-border payments, digital commerce and AI-native applications.
XSGD is currently live on Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera and the XRP Ledger, while XUSD is available on Ethereum and BNB Smart Chain.
Together, the two stablecoins have processed more than US$18 billion in on-chain transaction volume, according to the company.
“Welcoming both XSGD and XUSD to Solana expands the network’s role as a top global payments chain and unlocks new opportunities for builders, institutions, and users, from instant cross-border settlements to DeFi applications like lending, borrowing, and yield generation.
The addition of native SGD and USD liquidity further strengthens Solana’s role as a core infrastructure layer for AI-and machine-driven on-chain transactions.”
said Lu Yin, Head of APAC at The Solana Foundation.
StraitsX said the launch would bridge Singapore dollar and US dollar stablecoin ecosystems on a single chain.
This would create a foundation for on-chain foreign exchange between XSGD and XUSD, as well as liquidity and lending markets for institutional and decentralised use cases.
Both stablecoins support the x402 standard natively, and this functionality will be extended to Solana to enable automated agent-to-agent payments.
StraitsX said major centralised exchanges are in the pipeline to support Solana-native XSGD and XUSD, alongside work with decentralised exchanges and Solana-based DeFi protocols to establish liquidity pools and lending markets.
The company added that it will work with the Solana Foundation to support liquidity across the ecosystem while addressing money laundering and terrorism financing risks linked to the integration.
Featured image: Edited by Fintech News Singapore, based on image by smartmalik6384 via Freepik
