XSGD is the fully collateralized Singapore Dollar stablecoin.

XSGD is issued by Singapore-based payments leader Xfers via the StraitsX platform. As a licensed Major Payment Institution in Singapore under the Monetary Authority of Singapore (MAS), Xfers can mint unlimited amounts of XSGD tokens under the e-money issuance framework. XSGD is backed by one Singapore dollar that is being held and safeguarded in a Singapore bank and will always be redeemable on the StraitsX platform.
 

XSGD is a stablecoin fully collateralized by the Singapore Dollar and powered by open-source blockchain protocols.

XSGD tokens are available on two different blockchain protocols. XSGD is available on the Ethereum blockchain as ERC-20 tokens and can be stored using any ERC-20 compatible wallet. XSGD (ZRC-2) tokens run on the Zilliqa blockchain as ZRC-2 tokens and can be stored using any ZRC-2 compatible wallet.

XSGD is issued by Xfers, a Singapore-based payments leader, through the StraitsX platform. Xfers is a licensed Major Payment Institution in Singapore under the Monetary Authority of Singapore (MAS) and has the authority to mint unlimited amounts of XSGD tokens under the e-money issuance framework. XSGD is backed by Singapore dollars held and safeguarded in a Singapore bank, ensuring it can always be redeemed on the StraitsX platform.

You can use XSGD as a stable store of value and unit of account denominated in the Singapore Dollar in digital asset markets.

Individuals can mint and redeem XSGD on the StraitsX platform and spend XSGD with StraitsX partners. Businesses can leverage StraitsX APIs to support XSGD. XSGD is also supported on major exchanges. For a full list of supported platforms and applications, visit straitsx.com.