StraitX is planning to launch a Singapore Dollar-backed stablecoin on Solana in early 2026.

By: theblockbeats.news|2025/12/16 16:46:11

BlockBeats News, December 16th, Cryptocurrency infrastructure company StraitX announced that it plans to launch the Singapore Dollar stablecoin XSGD and the USD stablecoin XUSD on the Solana public blockchain in early 2026, and will collaborate with the Solana Foundation to promote it. At that time, users will be able to achieve instant on-chain conversion between SGD and USD on Solana, equivalent to "on-chain forex trading".

This is the first time the Solana network has introduced the Singapore Dollar (SGD) stablecoin. Currently, Solana has already hosted approximately $15.7 billion in USD, AUD, and other fiat currency stablecoins, but SGD was not previously supported.

StraitX stated that XSGD and XUSD will operate on Solana's high-speed, low-cost environment, serving scenarios such as AI automated payments, DeFi applications, cross-border settlements, and everyday payments, and will be compatible with centralized exchanges, AMM liquidity pools, and lending protocols.

-- Price

Most crypto traders lose money not because of bad luck, but because they misunderstand how the market really works. From Freedom of Money to the rise and fall of Sam Bankman-Fried, they highlight a key divide in crypto: those who build the market and those who chase it. This reading guide explores essential books that reveal how narrative, regulation, capital, and psychology shape long-term success in the crypto industry.

The Risk Management Core Team has just been ousted, and Aave is now facing a $200 million default.

rsETH attack is just the tip of the iceberg, Aave is an approved insolvency

The $293 million bug wasn't in the code; so, what's the deal with the "DVN Configuration Bug," which led to the largest hack of 2026?

「Audit Passed」 these four words do not cover the location of the parameter.

a16z on Recruitment: How to Choose Between Crypto-Native and Traditional Talent?

Is it someone with encryption experience or someone with outstanding quick learning ability?

The biggest DeFi heist of 2026, hackers easily took advantage of Aave

A fake news story swindled 292 million dollars: Kelp DAO's cross-chain bridge was drained in 46 minutes.

Will Robots Replace Humans? He Says No!

Robots will not replace humans, but will rewrite the division of labor

Binance Coin's Price Skyrockets 15x to All-Time High, Saved by Three Bull Market Lifelines

Bringing Back the Long-Awaited Meme Coin Volatility

The organization has accessed the prediction market, but is stuck at the third stage

The proportion of sports categories on Kalshi is at a historical low, shifting from "entertainment trading" to "information and risk tools."

Head of crypto VC collective shrinks: a16z crypto fund management scale plummets by 40%, Multicoin cut in half

The only one experiencing counter-cyclical growth is Haun Ventures, which hit the jackpot in the stablecoin sector with BVNK being acquired by Mastercard.

Arthur Hayes New Post: It's "No Trade" Time Now

When volatility truly spirals out of control and liquidity is forcefully unleashed, the market will re-enter a tradable phase.

Claude Opus 4.7 Review: Is It Worthy of the Title of Strongest Model?

Opus 4.7 is a surgical, precision-based release with clear trade-offs.

DWF In-Depth Report: AI Outperforms Humans in Yield Farming Optimization in DeFi, But Complex Transactions Still Lag Behind 5x

Across agents, model selection and risk management have the most significant impact on transaction performance.

The financial tricks of the crypto giant Kraken

After Coinbase, several other cryptocurrency exchanges have entered the capital market. Will Wall Street still pay a premium for the same story?

When proactive market makers start to take initiative

After Binance announced the regulation of proactive market makers at the end of March, proactive market makers began to take action.