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StraitX unveiled plans to launch the Singapore Dollar stablecoin XSGD and the USD stablecoin XUSD on the Solana blockchain in early 2026, in collaboration with the Solana Foundation. The initiative will enable instant on-chain SGD-USD conversion, delivering on-chain forex functionality within Solana’s ecosystem. This marks the first Singapore Dollar peg on Solana, expanding the network’s stablecoin lineup beyond existing USD and AUD pegs.

Built for high throughput and low costs, XSGD and XUSD are positioned for AI-assisted payments, DeFi, cross-border settlements, and everyday commerce. The tokens will be interoperable with centralized exchanges, AMM pools, and lending protocols, expanding liquidity rails and on-chain settlement options. The project underscores Solana’s growing stablecoin ecosystem, which already hosts substantial fiat pegs and signals SGD liquidity potential on the network alongside XSGD and XUSD.