Solana users could soon exchange Singapore dollars (SGD) for US dollars (USD) instantly online, marking the popular high-speed blockchain’s first access to digital tokens tied to one of the leading Asian currencies.
That’s because crypto infrastructure firm StraitX said Tuesday it plans to launch its Singapore dollar stablecoin XSGD and US dollar stablecoin XUSD on the Solana public blockchain, creating an easy way to exchange those currencies.
The early 2026 debut, targeted in partnership with the Solana Foundation, will enable instant swaps between Singapore dollars (SGD) and US dollars (USD) on Solana, according to a press release. Think digital forex, but on the blockchain.
It positions StraitX’s stablecoins for widespread use in smart AI tools and automated online economies on Solana. Solana offers a payment standard called x402 that lets computers and AI programs automatically make small-volume transactions (like apps talking to each other). Blockchain is known to offer faster and cheaper transaction speeds than its main rivals such as Ethereum.
“Stablecoin adoption is increasingly driven by users and businesses who expect payments to be instant, low-cost and available everywhere,” said Tianwei Liu, CEO and co-founder of StraitsX.
“Launching XSGD and XUSD together on Solana will be game-changing. It unifies CEX support, AMM liquidity, lending pools and everyday payments on a single high-performance chain. It also brings us closer to a world where digital money moves as easily across networks as information does today,” noted Liu.
Stablecoins are digital tokens whose value is tied to an external reference, such as a fiat currency. These tokens help investors bypass price volatility associated with other cryptocurrencies and are increasingly used in money transfers and cross-border transactions.
At press time, StraitX’s XSGD and XUSD had market capitalizations of $13 million and $50 million, respectively, according to Coingecko. XSGD is already live on Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera and XRPL, while XUSD is available on Ethereum and BNB Smart Chain.
StraitX said the two stablecoins have processed over $18 billion in on-chain transaction volume.
Solana gets first ever SGD stablecoin
For Solana, XSGD’s arrival gives its users the first digital version of the Singapore dollar. The blockchain already hosts $15.7 billion in stablecoins pegged to currencies like the US and Australian dollars, but has lacked an SGD option to date, according to DefiLlama data.
“Welcoming both XSGD and XUSD to Solana expands the network’s role as a top global payment chain and unlocks new opportunities for builders, institutions and users, from instant cross-border settlements to DeFi applications such as lending, borrowing and yield generation,” said Lu Yin, Head of APAC at The Solana Foundation.
“The addition of native SGD and USD liquidity further strengthens Solana’s role as a core infrastructure layer for AI and machine-driven on-chain transactions,” it added.
