XSGD

XSGD Price

About XSGD (XSGD)

XSGD is a digital stablecoin pegged 1:1 to the Singapore Dollar, providing a compliant and efficient medium for on-chain value transfer in Southeast Asia.

• Singapore’s First Stablecoin: Launched by StraitsX, XSGD is the first digital asset designed to track the Singapore Dollar while maintaining strict regulatory compliance.
• Fully Backed Reserves: Each token is backed 1:1 by reserve assets, with monthly attestation reports published by independent auditing firms to ensure transparency.
• Multi-chain Interoperability: XSGD is issued across multiple leading blockchain networks, including Ethereum, Solana, and Polygon, to support broad ecosystem integration.

What Is XSGD

XSGD is the StraitsX digital Singapore Dollar, built to facilitate faster and more cost-effective money transfers across the region. As a fiat-backed stablecoin, it bridges the gap between traditional finance and the digital asset economy by providing a stable medium of exchange. Value moves through the system as users mint XSGD by depositing Singapore Dollars or redeem their tokens for the underlying fiat currency on a 1:1 basis.

The token is primarily put to work through its integration into various decentralized finance protocols, where it serves as a reliable unit of account and liquidity source. As the StraitsX ecosystem grows, XSGD scales by expanding its availability across additional blockchain networks and increasing its adoption for cross-border settlement and regional retail payments.

What Makes XSGD Unique

• Travel Rule Compliance: XSGD is the world’s first stablecoin to be fully compliant with the Financial Action Task Force (FATF) Travel Rule, ensuring high standards of anti-money laundering (AML) and counter-terrorist financing (CTF) security.
• Monthly Attestations: Unlike some other stablecoins, XSGD provides consistent transparency through monthly reserve attestation reports from ISCA-listed auditing firms.
• Broad Network Support: It is available on an extensive range of blockchains, including Ethereum, Polygon, Solana, Avalanche, Arbitrum, Base, and Hedera, allowing for seamless cross-chain utility.

What Can You Use XSGD for?

XSGD is pegged to the Singapore Dollar.

1. Value retention: Users can hold a digital, on-chain representation of the Singapore Dollar to maintain a stable value and reduce exposure to the volatility inherent in the broader cryptocurrency market.
2. Yield generation: The source material does not specify native yield options for XSGD, although it is compatible with various decentralized lending and liquidity-provisioning platforms.
3. Cross-border settlement / value transfer: XSGD serves as an efficient rail for international remittances and regional trade, enabling frictionless cross-border transfers of value without the delays associated with traditional banking systems.
4. Collateralization: The token can be used as collateral in borrowing and lending protocols or as margin for derivatives, particularly within ecosystems that support its multi-chain issuance.

How Does XSGD Work?

XSGD operates through a mint-and-redeem mechanism managed by StraitsX. When a user deposits Singapore Dollars into a designated StraitsX account, the protocol issues an equivalent amount of XSGD tokens to the user's digital wallet. Conversely, when a user redeems XSGD, the corresponding tokens are removed from circulation, and the underlying fiat value is returned to the user's bank account.

As an asset issued on various blockchains, XSGD leverages the security and consensus mechanisms of its host networks. For instance, on networks like Ethereum, it follows the ERC-20 standard, while on Zilliqa, it utilizes the ZRC-2 standard. Transaction fees for moving XSGD are paid in the native token of the respective blockchain, meaning XSGD does not function as a gas token itself.

Team Info and Investors

XSGD is issued by StraitsX, a payment infrastructure provider for digital assets in Southeast Asia. StraitsX is part of Xfers, a Singapore-based fintech company that is a major payment platform in the region. The project operates under the regulatory framework of the Monetary Authority of Singapore (MAS). While specific early-stage investors are not detailed in the provided source material, StraitsX is documented as a key initiative within the Xfers ecosystem to drive digital asset adoption.

Where can you buy XSGD?

XSGD tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade XSGD is Coinbase Exchange, where the most active trading pair XSGD/USDC has a trading volume of $23,520.03 in the last 24 hours. Other popular options include Aerodrome SlipStream and Uniswap V3 (Polygon).

What is the daily trading volume of XSGD (XSGD)?

The trading volume of XSGD (XSGD) is $321,991.14 in the last 24 hours, representing a -71.90% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for XSGD (XSGD)?

XSGD (XSGD) reached an all-time high of $1.36 and an all-time low of $0.6205. It’s now trading -43.10% below that peak and 24.50% above its lowest price.

What is the market cap of XSGD (XSGD)?

Market capitalization of XSGD (XSGD) is $11,855,692 and is ranked #1046 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of XSGD tokens (15 Million tokens are tradable on the market today).

What is the fully diluted valuation of XSGD (XSGD)?

The fully diluted valuation (FDV) of XSGD (XSGD) is $11,855,692. This is a statistical representation of the maximum market cap, assuming the maximum number of 15 Million XSGD tokens are in circulation today. Depending on how the emission schedule of XSGD tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of XSGD compare against its peers?

With a price decline of -0.30% in the last 7 days, XSGD (XSGD) is outperforming the global cryptocurrency market which is down -5.10%, while underperforming when compared to similar Stablecoins cryptocurrencies which are down -0.10%.

How to add XSGD (XSGD) to MetaMask?

Adding XSGD (XSGD) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import XSGD as a token. You can copy XSGD’s contract address (0x70e8de73ce538da2beed35d14187f6959a8eca96) and import it manually, or if you've installed MetaMask's chrome extension, add XSGD to MetaMask with one click on CoinGecko.

Add XSGD to MetaMask.