ChainCatcher News, recently, crypto infrastructure company StraitX announced on Tuesday plans to launch Singapore dollar stablecoin XSGD and US dollar stablecoin XUSD on the Solana blockchain by early 2026. This will enable instant exchange between the two currencies on Solana, facilitating digital forex trading. For Solana, this is the first Singapore dollar stablecoin, which will further expand its role as a global payment chain. Currently, Solana has $15.7 billion in stablecoins but has lacked a Singapore dollar option.
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