Move targets payments, DeFi liquidity and AI-driven transactions
Singapore based digital payments firm StraitsX has announced plans to expand its Singapore dollar backed XSGD and US dollar-backed XUSD stablecoins to the Solana blockchain by early 2026. The move reflects growing demand for fast, low-cost blockchain settlement across payments, decentralized finance and emerging AI-native applications.
The planned rollout will enable users to transact with SGD and USD backed stablecoins on Solana’s high-throughput network. According to the company, this integration is designed to support centralized exchange access, automated market maker liquidity, lending pools and everyday payments within a single ecosystem. Solanas infrastructure is increasingly used for machine to machine and automated payments, making it attractive for next-generation financial applications.
XSGD is already deployed across multiple blockchains, including Ethereum, Polygon, Avalanche, Arbitrum and the XRP Ledger, while XUSD currently operates on Ethereum and BNB Smart Chain. Together, the two stablecoins have processed over $18 billion in cumulative onchain transaction volume. XSGD has a market capitalization of approximately $13 million, while XUSD stands near $52 million.
StraitsX operates as a licensed Major Payment Institution under Singapore’s regulatory framework, with both stablecoins acknowledged as compliant with upcoming rules. The company is also exploring stablecoin-based consumer payments in Southeast Asia, signaling broader ambitions to integrate regulated digital currencies into everyday financial activity.
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