What is StraitsX? Southeast Asia's Leading Stablecoin Solution

StraitsX is a digital asset payment infrastructure in Southeast Asia, providing stablecoins such as XSGD, XUSD, and XIDR, pegged to the Singapore dollar, US dollar, and Indonesian rupiah, respectively. These stablecoins are designed to provide individuals and businesses access to the global financial system.

What is StraitsX?

StraitsX is a Licensed Payments Institution regulated by the Monetary Authority of Singapore (MAS). With a StraitsX account, users can create and convert StraitsX stablecoins, manage payments, and connect their accounts to digital asset platforms. Business accounts can also access API-powered payment rails to support B2B on digital asset platforms. StraitsX is proud to be part of the Fazz ecosystem, providing corporate banking services in Southeast Asia.

Products and Services of StraitsX

• Stablecoins: StraitsX issues three main stablecoins:
  • XSGD: Pegged to the Singapore dollar.

    

  • XUSD: Pegged to the US dollar.

    

  • XIDR: Pegged to the Indonesian rupiah.
• Personal and Business Accounts: Users can create and convert stablecoins, manage payments, and connect to digital asset platforms.
• API Services: Provides ready-to-use API solutions to help businesses accept and make payments using stablecoins and traditional payment networks.

  

Development Team

StraitsX is led by Mr. Kenny Chan, the Director of StraitsX. The StraitsX team consists of technology and finance experts, focused on applying blockchain technology to real-world payment applications.

Partners and Ecosystem

StraitsX collaborates with various strategic partners to expand the use of stablecoins in real-world applications. The key partners include:

• Wallets and Storage Solutions: Wallets like Wirex and Zilswap support the storage and trading of StraitsX stablecoins.

  

• Exchanges: Exchanges like Crypto.com and Gemini support the trading of StraitsX stablecoins.
• DeFi Applications: Decentralized finance applications like DFX provide liquidity and trading for StraitsX stablecoins.

Exchanges and Wallets supporting StraitsX

StraitsX has been integrated into various exchanges and digital wallets, making it easy for users to access, trade, and store stablecoins like XSGD, XUSD, and XIDR.

Supported Exchanges

StraitsX stablecoins are listed and supported for trading on several major and recent exchanges, including the latest Binance:

• Binance – Supports trading of XUSD/USDT
• Crypto.com – Supports trading of XSGD.
• Gemini – Provides liquidity and supports StraitsX API.
• Indodax – Lists and supports trading of XSGD.
• Uniswap – Supports decentralized trading of XSGD.
• DFX Finance – Supports trading of the XSGD stablecoin.
• Tokenize – Provides StraitsX API trading and XSGD.

Supported Wallets

Users can store, trade, and use StraitsX stablecoins through the following digital wallets:

• Wirex – A payment wallet that supports XSGD.
• Zilswap – A wallet that supports XSGD trading on the Zilliqa blockchain.
• Coinhako – A wallet that stores XSGD with StraitsX API integration.
• XCAD Network – Supports both XSGD and XIDR.
• Coinut – A wallet that supports StraitsX API and stablecoins XSGD, XIDR.

With the support of leading exchanges and digital wallets, StraitsX provides users with easy access to trade and transact using stablecoins within the digital finance ecosystem.

Conclusion

StraitsX is playing an important role in providing payment infrastructure for digital assets in Southeast Asia, with stablecoin products pegged to major currencies in the region. Through strategic partnerships and a commitment to transparency, StraitsX is expanding the use of stablecoins in real-world applications, contributing to the growth of DeFi and the digital asset ecosystem.