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StraitsX Fires First Shot in Stablecoin Wars—XSGD Now Live on XRP Ledger

StraitsX Fires First Shot in Stablecoin Wars—XSGD Now Live on XRP Ledger

Coindesk
Author:
Coindesk
Release Time:
2025-05-19 22:00:00
0

StraitsX Launches Its Singapore-Dollar Pegged Stablecoin, XSGD, on XRP Ledger

Singapore’s digital dollar play goes multi-chain as StraitsX deploys its XSGD stablecoin on XRP Ledger. Because what the crypto space needed was another pegged asset—this time with regulatory approval.

The move signals growing institutional appetite for blockchain-based FX solutions—even if most traders still just want leverage for their meme coin bets.

Ripple’s ledger gets a credibility boost while bankers pretend they invented ’programmable money’.

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