Ripple and StraitsX Drop XSGD on XRPL—Asia’s Payments Game Just Changed

Singapore’s StraitsX teams with Ripple to launch XSGD stablecoin on the XRP Ledger—because banks love blockchain when it saves them 80% on cross-border fees.

Why it matters: Asia’s $9T payment corridors now have a digital-asset on-ramp that bypasses SWIFT’s legacy spaghetti. No more 3-day settlements—XRPL finalizes in 3 seconds.

The cynical take: Another ’revolutionary’ partnership that’ll make finance incumbents pretend they’ve loved DeFi all along. Watch traditional banks suddenly discover ’blockchain efficiencies’ as their margins get squeezed.

• XSGD stablecoin is now available on the XRP Ledger to support real-time cross-border payments.
• The integration marks a significant collaboration between StraitsX and Ripple to promote regulated stablecoin adoption.
• The move paves the way for institutional use cases and programmable finance across Asia’s growing digital economy.

StraitsX has rolled out its regulated Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger, signaling a pivotal expansion in Asia’s blockchain payment infrastructure.

XSGD is now live on the XRP Ledger. https://t.co/BjjTBRed3b@StraitsX brings its regulated, SGD-backed stablecoin to the blockchain built for real-time payments and tokenization. 🇸🇬

From payments to tokenized assets, learn how XSGD unlocks the movement of value across Asia. 🌏

Supported 1:1 by reserves that are maintained at DBS Bank and Standard Chartered, XSGD delivers a secure, programmable digital token into an environment that is designed to support large-scale tokenization.

The integration of XRPL is also in line with Southeast Asia’s increasingly faster movement toward interoperable, real-time financial systems, as cross-border trade in the region is expected to reach over $4 trillion by 2030.

The effort is based on an abiding partnership between StraitsX and Ripple, which is an international blockchain company that played an active role in creating XRPL’s enterprise-specific features. StraitsX’s Deputy CEO, Liu Tianwei, stressed that onboarding XSGD onto XRPL is an indication of strategic intent to integrate regulated stablecoins into the heart of today’s financial systems.

Based on a foundation licensed by MAS, XSGD is meant to be used as a transparent and compliant means of high-speed settlements as well as decentralized application

Ripple Collaboration Fuels Broader Adoption

The collaboration of Ripple and StraitsX is not only directed towards public chain building but also towards establishing real-world enterprise applications.

The XRPL integration, as described by Fiona Murray, Ripple’s Managing Director, APAC, is just the starting ground for constructing an optimized cross-border payment framework that is designed for institutions. Ripple’s involvement in such an initiative is also indicative of its continued effort to advance tokenized financial infrastructure where digital assets seamlessly integrate into conventional marketplaces.

With minting and redemption support on the StraitsX platform, developers and fintech companies now receive permissionless access to an MAS-regulated, stable currency for on-chain use.

This development further reinforces XRPL as a platform not only for crypto-native users but also for institutions looking for regulatory clarity and performance.

Future Deployments Target Institutions

StraitsX intends to capitalize on this traction with a second rollout of features in June 2025 centered on institution-grade tools. One of these features will be programmable payouts, third-party integrations for compliance, and merchant settlement solutions.

The fact that it is available on other chains such as Polygon, Ethereum, and Avalanche already affords it cross-chain usability, yet its availability on XRPL is particularly designed for high-volume, low-cost transactions; it is thus well-suited for enterprise setups.

The XRPL growth also speaks to a larger movement: stablecoins moving from being novel instruments to fundamental building blocks of the international financial framework. With this push, StraitsX further establishes itself as an industry pioneer in regulated digital currency, extending what is possible in terms of value transmission globally in an era of digitization.

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