TL;DR
- Stablecoin Expansion: StraitsX will launch XSGD and XUSD on Solana by 2026, aiming to boost payments, DeFi adoption, and AI-native applications.
- Proven Utility: The two coins have already processed over $18 billion in onchain volume, supported across multiple blockchains, with strong market caps.
- Regulatory Compliance: MAS recognition ensures institutional credibility, while partnerships like Grab highlight consumer-level adoption and future settlement use cases.
Singapore-based StraitsX, a licensed Major Payment Institution under the Monetary Authority of Singapore (MAS), has announced plans to launch its XSGD and XUSD stablecoins on Solana by early 2026. The move, made in collaboration with the Solana Foundation, aims to leverage Solana’s high-speed, low-cost infrastructure to expand stablecoin adoption across payments, decentralized finance, and AI-native applications.
Expansion to Solana’s High-Performance Network
StraitsX emphasized that deploying both XSGD and XUSD simultaneously on Solana will be transformative. CEO Tianwei Liu described the rollout as “game-changing,” highlighting how centralized exchange support, automated market maker liquidity, lending pools, and everyday payments will converge on a single chain. The integration is designed to meet growing demand from digital commerce platforms and AI-driven transactions, positioning Solana as a hub for scalable settlement flows.
Proven Track Record of Stablecoin Adoption
XSGD and XUSD are not new to blockchain ecosystems. XSGD already operates on Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and XRP Ledger, while XUSD is available on Ethereum and BNB Smart Chain. Together, the two stablecoins have processed over $18 billion in onchain transaction volume, underscoring their established utility. Current market data indicate that XSGD has a $13 million market cap and 16.7 million tokens in circulation. In comparison, XUSD holds a $52 million market cap.
Compliance and Regulatory Recognition
Both stablecoins are fully compliant with MAS’s upcoming stablecoin regulatory framework. StraitsX noted that XSGD and XUSD have been formally acknowledged by regulators, reinforcing their credibility in institutional-grade payment flows. This compliance ensures that the expansion to Solana will align with Singapore’s robust financial oversight, offering confidence to enterprises and consumers alike.
Strategic Partnerships and Future Use Cases
The announcement follows StraitsX’s memorandum of understanding with Grab, Southeast Asia’s largest super-app, to explore stablecoin-enabled settlement layers. By integrating programmable payments and digital wallets, Grab aims to bring stablecoin clearing into everyday consumer transactions. On Solana, both XSGD and XUSD will natively support the x402 interoperability standard, enabling onchain foreign exchange between SGD and USD, automated liquidity, lending markets, and AI-native payment solutions.
