StraitsX Fires XSGD onto XRP Ledger—Real-Time Payments Just Got a CBDC Boost

Singapore’s digital dollar goes cross-chain as StraitsX deploys XSGD stablecoin on XRP Ledger. Banks hate this one trick.

Ripple’s blockchain just became the highway for instant SGD settlements—cutting out traditional banking delays like a hot knife through bureaucratic butter. The move signals Asia’s accelerating pivot toward blockchain-based payment rails.

Meanwhile, legacy finance still charges 3% fees for the privilege of waiting three business days. Progress hurts.

TLDR

• StraitsX launched XSGD on the XRP Ledger.
• XSGD enables fast, regulated cross-border payments.
• It’s now live on seven major blockchains.
• A second rollout with new tools comes in June 2025.
• StraitsX targets Asia’s $4T digital commerce market.

StraitsX has deployed its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger to support regulated, real-time payments. This move marks the first phase of a broader collaboration with Ripple targeting institutional-grade tokenization. The launch aims to enhance financial applications with programmable, scalable infrastructure suited for global digital finance.

XSGD to Enable On-Chain Settlement and Cross-Border Transactions

XSGD is available on the XRP Ledger, a blockchain for low-cost and fast financial settlements. This integration allows developers and financial firms to access programmable financial flows using a fully regulated stablecoin. The infrastructure supports fast cross-border transactions and enables real-time on-chain settlement.

StraitsX has officially launched its Singapore dollar-pegged #stablecoin XSGD on the $XRP Ledger! 🔥

This MOVE aims to boost fast, low-cost cross-border payments in Southeast Asia using blockchain tech.

With over $5B XSGD already transacted, the stablecoin’s integration with… pic.twitter.com/d4CE9xUBr0

— Bitunix (@BitunixOfficial) May 20, 2025

StraitsX launched XSGD in 2020 as a Singapore dollar-backed stablecoin. It is fully backed one-to-one by DBS Bank and Standard Chartered reserves. The company also holds a license from the Monetary Authority of Singapore as a Major Payment Institution.

Consequently, the stablecoin meets regulatory compliance while offering programmability across decentralized applications. Financial institutions and fintech developers can mint or redeem XSGD via the StraitsX platform. This infrastructure ensures trust and transparency while boosting the coin’s interoperability with DeFi protocols.

XRP Ledger Integration Expands Institutional Use Cases

StraitsX selected the XRP Ledger for its enterprise-grade scalability and tokenization features. The blockchain supports efficient and secure operations with low transaction costs, making it suitable for real-world financial use. Hence, it complements XSGD’s role in digital finance ecosystems.

This integration expands StraitsX’s multi-chain strategy as XSGD is already live on six other blockchains. These include Ethereum, Polygon, Avalanche, Hedera, Arbitrum, and Zilliqa. The XRP Ledger joins this lineup, helping institutions meet growing demand for programmable stablecoins.

The company confirmed that a second rollout phase will begin in June 2025. It will focus on institutional applications such as programmable payouts, merchant settlements, and compliance features. These upgrades will strengthen financial tools used by both first-party and third-party operators.

StraitsX Strengthens Cross-Chain Capabilities with XRPL Rollout

The deployment on XRPL supports StraitsX’s mission to power cross-border payments with regulated digital currencies. Developers can now build and scale compliant-ready payment systems using XSGD on a public blockchain. This approach aligns with the increasing need for transparent, programmable financial solutions.

Cross-border commerce in Asia is projected to exceed $4 trillion by 2030. As a result, demand is rising for fast, reliable, and regulated settlement infrastructure. StraitsX aims to address this gap by offering XSGD across interoperable blockchains.

XSGD has already processed over 8 billion on-chain transactions. More than 14 million tokens are circulating, reinforcing the coin’s growing adoption. The company also issues XUSD and continues expanding fiat-backed stablecoin infrastructure across the region.