StraitsX To Launch XSGD and XUSD Stablecoins on Solana in 2026

Singapore's regulated stablecoin issuer is taking its digital dollars to the blockchain built for speed.

StraitsX, the digital asset arm of Singapore's Xfers, announced plans to launch its XSGD and XUSD stablecoins on the Solana network in 2026. The move marks a significant expansion beyond its current Ethereum-based offerings, targeting a blockchain ecosystem renowned for its high throughput and low transaction costs.

Why Solana? The Need for Speed

The integration aims to leverage Solana's architecture to facilitate faster, cheaper cross-border payments and DeFi applications. For institutions and traders, this means near-instant settlement times and transaction fees measured in fractions of a cent—a stark contrast to the congested and costly environments of older networks.

Regulation Meets Innovation

StraitsX operates under the oversight of Singapore's financial regulator, bringing a layer of licensed credibility to the often-wild west of crypto. Its stablecoins are fully backed by cash and cash equivalents held in regulated financial institutions. This 2026 launch represents a deliberate, phased approach to scaling, prioritizing infrastructure readiness and regulatory compliance over hype—a refreshing change from the 'move fast and break things' mantra that has left many investors holding the bag.

The Bigger Picture: A Multi-Chain Future for Finance

This isn't just about adding another blockchain to a list. It's a strategic bet on a multi-chain future where asset interoperability is key. By planting its flag on Solana, StraitsX is positioning its stablecoins at the heart of one of the fastest-growing ecosystems in crypto, accessible to a new wave of developers and users who prioritize performance.

The 2026 timeline gives the market a clear signal: building robust, scalable digital dollar infrastructure takes precedence over rushing to meet the quarterly whims of traditional finance—which, let's be honest, could use a lesson in long-term thinking after centuries of boom-and-bust cycles. The race to redefine money is on, and it's being won on blockchain time.

Solana technology integration and technical advantages

The integration with Solana will harness the speed and low cost of the network’s infrastructure to enable real-time transactions. Further, both XSGD and XUSD support the x402 standard for agent-to-agent payments.

Thus, the stablecoins are poised to meet the future demands that come with AI-native apps and decentralized marketplaces. The current development is the first time the SGD and USD ecosystems will share the same chain, thus allowing liquidity in the FORM of automated market makers, lending markets, and institutional-level flows.

StraitsX is also working together with major centralized exchanges, as well as decentralized platforms on Solana. This is envisioned to help in creating liquidity pools, as well as lending markets, for both XSGD and XUSD. As a result, users can access cross-chain settlements, together with fast financial transactions, without using traditional intermediaries.

Institutional and market implications

Tianwei Liu, CEO and Co-Founder of StraitsX, highlighted the importance of instant and low-cost payments. “Launching XSGD and XUSD together on Solana will be game-changing. It unites CEX support, AMM liquidity, lending pools and everyday payments on a single high-performance chain,” he said. 

Lu Yin, Head of Asia-Pacific at Solana Foundation, added, “Welcoming both XSGD and XUSD to Solana expands the network’s role as a top global payments chain.”

The launch takes place amidst rising interest from the traditional sector. Western Union had announced in October that it WOULD launch its USD-backed stablecoin called USDPT on the Solana blockchain network by 2026. 

The company endeavors to LINK digital assets with off-chain payments through the newly formed Digital Asset Network. Therefore, Solana has emerged as a one-stop destination for stablecoin liquidity, international money transfers, and AI-powered micropayments.

According to data from DeFiLlama, the stablecoin market on the Solana network stands at $15.723 billion with USDC occupying 69.2% of the whole market capitalization. 

In the past, the stablecoin market had declined from $6 billion in mid-2022 to below $3 billion in early 2023 but largely regained momentum from 2024 to 2025. Another boost may soon come with the emergence of XSGD and XUSD.

StraitsX coming to Solana makes sending money across borders faster and easier. People can MOVE funds instantly, and businesses get a simple, all-in-one system for digital payments. This move also shows Solana is becoming a key player for stablecoins.

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