StraitX to launch Singapore Dollar and US Dollar stablecoins on Solana in early 2026

ChainCatcher reported that recently, crypto infrastructure company StraitX announced on Tuesday its plan to launch the Singapore dollar stablecoin XSGD and the US dollar stablecoin XUSD on the Solana blockchain in early 2026. This will enable instant exchange between the two currencies on Solana, facilitating digital foreign exchange trading.

For Solana, this will be the first Singapore dollar stablecoin, further expanding its role as a global payment chain. Currently, Solana already has 15.7 billions USD in stablecoins, but has always lacked a Singapore dollar option.