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Singapore - December 16, 2025
Singapore-based stablecoin issuer StraitsX has announced a strategic collaboration with the Solana Foundation to deploy its Singapore dollar-pegged stablecoin XSGD and U.S. dollar-pegged stablecoin XUSD on the Solana blockchain.
The initial rollout is targeted for early 2026.
This partnership marks the first time a Singapore dollar-pegged stablecoin will be natively available on Solana, bridging Asian and global currency ecosystems on a high-performance chain.
Key Takeaways
- StraitsX partners with Solana Foundation to launch XSGD (SGD-pegged) and XUSD (USD-pegged) stablecoins on Solana in early 2026.
- Enables instant SGD-USD swaps, low-fee cross-border payments, and enhanced DeFi access in Southeast Asia.
- Over $18 billion in existing transaction volume; focuses on compliance and liquidity across CEXs and DEXs.
- Supports emerging use cases like AI-agent micropayments via x402 standard.
- Boosts Solana's stablecoin ecosystem with first Singapore dollar peg.
Key Details of the Partnership
StraitsX, licensed as a Major Payment Institution by the Monetary Authority of Singapore (MAS), issues fully reserved stablecoins backed 1:1 by fiat reserves. XSGD and XUSD have already facilitated over $18 billion in on-chain transaction volume across networks like Ethereum, Polygon, and others.
The deployment on Solana will enable:
- Instant on-chain foreign exchange swaps between SGD and USD via automated market makers (AMMs) and liquidity pools.
- Deeper integration with decentralized finance (DeFi) protocols, including lending markets.
- Low-cost, real-time cross-border payments, particularly in Southeast Asia.
Major centralized exchanges are in discussions to list the Solana-native versions, while partnerships with leading Solana DEXs and DeFi protocols aim to build robust liquidity.
Quotes from Leadership
“Stablecoin adoption is increasingly driven by users and businesses who expect payments to be instant, low-cost, and available everywhere,” said Tianwei Liu, CEO and Co-Founder of StraitsX. “Launching XSGD and XUSD together on Solana will be game-changing. It unites centralized exchange support, AMM liquidity, lending pools, and everyday payments on a single high-performance chain.”
Lu Yin, Head of APAC at the Solana Foundation, emphasized the growing demand for real-time settlements, including emerging use cases like x402-based payments for AI-agent micropayments and machine-to-machine transactions.
Broader Implications
The integration supports Solana's expanding stablecoin ecosystem and aligns with Southeast Asia's shift toward efficient digital payments. Both parties are committed to compliance, including measures to mitigate risks related to money laundering and terrorism financing.
This move positions XSGD and XUSD for institutional treasury management, remittances, DeFi, and future AI-driven applications.
Conclusion
This StraitsX-Solana partnership accelerates regulated stablecoin adoption in Asia, delivering faster, cheaper SGD-USD interoperability on-chain.
Monitor early 2026 for launch, position portfolios for enhanced Southeast Asian DeFi and payment flows now.
Read Next:
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- The Neobank Transition Report
FAQs:
1. What are XSGD and XUSD?
XSGD is a stablecoin pegged 1:1 to the Singapore Dollar (SGD), and XUSD is pegged 1:1 to the U.S. Dollar (USD). Both are issued by StraitsX and fully backed by fiat reserves.
2. When will XSGD and XUSD launch on Solana?
The initial rollout is planned for early 2026.
3. Why Solana?
Solana offers high speed, low fees, and scalability, ideal for instant payments, DeFi, and real-time settlements compared to other chains.
4. What benefits does this bring to users in Southeast Asia?
Seamless on-chain forex between SGD and USD, cheaper cross-border remittances, and better access to DeFi lending and liquidity pools.
5. Is this regulated and compliant?
Yes, StraitsX is MAS-licensed, and the partnership includes measures against money laundering and terrorism financing risks.
6. Will these stablecoins be available on exchanges?
Major centralized exchanges are in discussions for listings, with liquidity building on Solana DEXs.
Disclaimer:
This content is provided for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice; no material herein should be interpreted as a recommendation, endorsement, or solicitation to buy or sell any financial instrument, and readers should conduct their own independent research or consult a qualified professional.
