StraitsX and Solana Foundation Launch Solana-Native USD and Singapore Dollar Stablecoins
Singapore's regulated digital asset gateway just plugged into Solana's high-speed rails. StraitsX, the stablecoin issuer backed by Southeast Asia's largest bank, is teaming up with the Solana Foundation to mint USD and Singapore Dollar (SGD) stablecoins directly on the Solana blockchain.
Why This Move Cuts Through the Noise
This isn't just another stablecoin announcement. It's a strategic play for institutional and cross-border relevance. By issuing these stablecoins natively on Solana, StraitsX bypasses the slower, more expensive bridges that often bottleneck transactions. It's a direct pipeline for capital moving between traditional finance and one of crypto's fastest-growing ecosystems.
The Speed Play for Real-World Assets
Solana's throughput and low fees aren't just for trading memecoins. They're becoming the backbone for serious financial infrastructure. This partnership signals that regulated entities see the chain as a viable settlement layer for everything from trade finance to remittances—finally giving those 'real-world use case' PowerPoint slides some actual code to run on.
A Nod to the Regulators
StraitsX operates under the watchful eye of Singapore's financial authorities. Launching on Solana isn't a wild-west move; it's a calculated endorsement. It suggests that the high-performance chain is maturing enough to host compliant, institution-grade financial instruments—not just the decentralized apps that keep lawyers up at night.
This collaboration tightens the link between Asia's financial hub and the frontier of blockchain scalability. It's a bet that the future of digital money needs both regulatory approval and raw speed. After all, what good is a perfectly compliant stablecoin if it moves as slowly as the legacy system it's supposed to replace? Sometimes innovation means building something so fast that the old guard's objections arrive in the mail after the network has already settled a billion dollars in transactions.
Launching XUSD and XSGD combines CEX support with AMM liquidity
Tianwei Liu, the co-founder and CEO of StraitsX, said launching both XSGD and XUSD on Solana unites CEX support with AMM liquidity, lending pools, and everyday payments on a single chain. It also brings the world closer to moving digital money across networks just as easily as moving information across different platforms today.
Meanwhile, Lu Yin, the head of APAC at The Solana Foundation, agreed that stablecoins are becoming one of the most essential building blocks for real-world on-chain activities. He added that launching both stablecoins on Solana expands the network’s role as a leading global payments chain.
The partnership also creates new opportunities for institutions, builders, and users by launching both tokens on the Solana blockchain. The opportunities include lending and borrowing, yield-generating DeFi applications, and instant cross-border settlements. The addition of native USD and SGD liquidity further strengthens Solana’s role as a LAYER for machine-driven and AI-driven onchain transactions.
“Stablecoin adoption is increasingly driven by users and businesses who expect payments to be instant, low-cost, and available everywhere.”
–Tianwei Liu, Co-Founder and CEO at StraitsX
XUSD and XSGD both support the x402 standard natively, placing them among the first-ever stablecoins built for automated agent-to-agent payments. The capability will be carried on to Solana to accelerate the adoption of both stablecoins across emerging AI-driven use cases.
U.S. dollar and Singapore dollar ecosystems get bridged on same chain
The initiative is expected to deeply bridge the U.S. dollar and Singapore dollar ecosystems for the first time on the same chain, creating a unified foundation for onchain FX between XUSD and XSGD. It will also create a unified foundation for automated market Maker (AMM) liquidity, institutional-grade payment flows, and lending markets.
The two stablecoins have processed over $18 billion in on-chain transaction volume, highlighting strong adoption among builders, users, and institutional players.
Major CEXs (centralized exchanges) are reportedly lining up to support the Solana native XSGD and XUSD stablecoins. StraitsX is also working with DEXs (decentralized exchanges), Solana’s largest DeFi protocols, and AMM ecosystems to establish stablecoin lending markets and liquidity pools.
StraitsX anticipates that these efforts will strengthen the foundation for a comprehensive, full-stack settlement and payment network on the Solana blockchain. Its collaboration with the Solana Foundation also aims to drive DEEP liquidity for both stablecoins, ensuring efficient and strong participation within the Solana ecosystem.
The collaboration accounts for the continuously evolving nature of terrorism-financing and money-laundering landscapes. The partners will also ensure that risks arising from the integration are effectively addressed to protect users.
Meanwhile, StraitsX recently secured $10 million from UQPAY to drive the expansion of stablecoins across Asia. The company is partnering with leading financial institutions, global liquidity providers, and payment technology partners like UQPAY to deliver regulated solutions.
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