Back
StraitX to Launch XSGD and XUSD Stablecoins on Solana in 2026

StraitX to Launch XSGD and XUSD Stablecoins on Solana in 2026

According to StraitX, the early 2026 launch with the Solana Foundation aims to deliver on-chain SGD-USD swaps, cross-border settlements, and AI-driven payments with x402 standard integration.

SOL

Fact Check
The assessment is "likely_true" with high confidence based on strong, consistent evidence from multiple authoritative sources. Three separate articles from CoinDesk, a highly reputable publication in the cryptocurrency industry, directly and explicitly support the statement. These sources confirm that StraitX plans to launch its Singapore dollar (XSGD) and U.S. dollar (XUSD) stablecoins on the Solana blockchain in "early 2026". The information is further corroborated by a financial news aggregator. There is no conflicting evidence among the relevant sources provided; one source was correctly identified as completely irrelevant and was disregarded. The probability is set slightly below 1.0 to account for the inherent uncertainty of future events, as company plans can sometimes be delayed or altered.
    Reference: 123
Summary

StraitX will launch its Singapore dollar-backed XSGD and U.S. dollar-backed XUSD stablecoins on the Solana blockchain in early 2026, following an official partnership with the Solana Foundation. This rollout will add Solana’s first native SGD stablecoin, enabling instant on-chain swaps between SGD and USD for FX trading, cross-border settlements, and AI-enabled payments through Solana’s x402 protocol. The initiative will integrate with centralized exchanges, AMM liquidity pools, and lending services. Currently, XSGD and XUSD have market caps of $13 million and $50 million respectively, with over $18 billion in total processed transactions.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as a fiat currency, to minimize price volatility.
  • Automated Market Maker (AMM): A smart contract that enables decentralized trading by automatically providing liquidity from user-contributed token pools.
  • Solana: A high-performance blockchain known for low fees and fast transaction speeds, supporting a wide range of decentralized applications.