StraitsX to Launch XSGD and XUSD Stablecoins on Solana by 2026

Singapore's regulated stablecoin issuer just placed a massive bet on Solana's future.

StraitsX, the digital payment arm of Singapore's Paxos-backed entity, announced plans to launch its XSGD and XUSD stablecoins on the Solana blockchain by 2026. The move signals a strategic expansion beyond its current Ethereum-based operations, tapping into Solana's high-speed, low-cost infrastructure for institutional and retail payments.

Why Solana? Speed and Scale.

Solana's architecture—capable of processing thousands of transactions per second at a fraction of a cent—presents a compelling case for stablecoin utility. For StraitsX, it's not just about adding another blockchain; it's about building rails for real-world financial activity. Think cross-border settlements, merchant payments, and DeFi integrations that don't choke on network fees.

The 2026 Timeline: Building for Compliance and Adoption

The 2026 target isn't arbitrary. It aligns with a period of anticipated regulatory maturation and broader institutional adoption of blockchain networks. StraitsX, operating under Singapore's progressive payment licensing framework, is positioning its stablecoins not as speculative assets, but as compliant digital cash equivalents. They're betting that by 2026, the infrastructure and demand will be ready.

This expansion throws down a gauntlet in the stablecoin arena. While giants like USDC and USDT dominate, regulated, jurisdiction-specific stablecoins like XSGD offer a tailored proposition for Asian markets. Launching on Solana could give StraitsX a first-mover advantage in bridging traditional Singapore dollar liquidity with one of crypto's fastest-growing ecosystems—a classic case of old-world finance meeting new-world rails, albeit with the usual regulatory speed bumps. After all, what's a major financial move without a multi-year roadmap? It gives everyone just enough time to form a committee to discuss the committees.

Singapore’s regulated crypto ecosystem is preparing for another major step forward. StraitsX, a Monetary Authority of Singapore (MAS)-licensed stablecoin issuer, has announced plans to bring its Singapore dollar-backed XSGD and U.S. dollar-backed XUSD stablecoins to the solana blockchain by early 2026. 

The MOVE signals growing confidence in high-performance blockchains as demand for real-world, regulated stablecoin use accelerates across Asia.

Why Solana Was Chosen

StraitsX’s decision to integrate with Solana reflects a focus on speed, cost efficiency, and scalability. Solana’s low transaction fees and high throughput make it well-suited for payments, trading, and automated financial activity. According to StraitsX, launching both XSGD and XUSD on a single, high-performance network allows users to access centralized exchanges, decentralized liquidity, lending protocols, and everyday payments within one ecosystem.

The expansion also aligns with Solana’s growing role in automated payments, especially through support for the x402 standard, which enables machine-to-machine transactions. This makes Solana attractive for emerging AI-driven use cases where software agents need to transact autonomously and at scale.

Strong Onchain Track Record

StraitsX is not starting from scratch. XSGD is already live across multiple blockchains, including Ethereum, Polygon, Avalanche, Arbitrum, Hedera, Zilliqa, and the XRP Ledger. XUSD is currently available on ethereum and BNB Smart Chain. Together, the two stablecoins have processed over $18 billion in on-chain transaction volume, highlighting strong real-world usage rather than speculative demand.

While XSGD’s market capitalization stands NEAR $13 million and XUSD’s around $52 million, their transaction volumes suggest growing adoption in payments, settlements, and cross-border activity, particularly within Southeast Asia.

Regulatory Clarity Strengthens the Case

A key differentiator for StraitsX is regulation. The company operates as a licensed Major Payment Institution under MAS and has confirmed that both XSGD and XUSD align with Singapore’s upcoming stablecoin regulatory framework. This compliance positions the stablecoins as trusted tools for institutions and enterprises looking to adopt blockchain-based payments without regulatory uncertainty.

From Crypto to Everyday Payments

Beyond DeFi and trading, StraitsX is pushing toward mainstream adoption. Recently, Southeast Asia’s super-app Grab signed an exploratory agreement with StraitsX to build a stablecoin-based settlement layer. If approved, users across the region could eventually hold and spend XSGD and XUSD directly within the Grab app, blending digital wallets, programmable payments, and regulated stablecoins.

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

XSGD and XUSD are regulated stablecoins issued by StraitsX, fully backed by Singapore dollars and U.S. dollars for payments and settlements.

Solana offers fast transactions, low fees, and high scalability, making it ideal for payments, DeFi, and automated, real-world stablecoin use.

StraitsX plans to launch both stablecoins on the Solana blockchain by early 2026, pending technical readiness and regulatory alignment.

They are designed for real-world payments, cross-border settlements, DeFi, and potential integration into apps like Grab for everyday use.