StraitsX will deploy XSGD and XUSD to Solana in early 2026, expanding the ecosystem of the two stablecoins that have processed over $18 billion in on-chain volume .
StraitsX ( Singapore ) plans to bring XSGD Peg to SGD and XUSD Peg to USD to the Solana blockchain in early 2026. According to an announcement on Tuesday, the deployment plan, announced in collaboration with the Solana Foundation, will allow users to settle transactions using SGD and USD-backed stablecoins, leveraging Solana's high-speed and low-cost infrastructure.
Tianwei Liu, co-founder and CEO of StraitsX, said the simultaneous launch of XSGD and XUSD on Solana would be a game-changer. This move consolidates support from centralized exchanges, AMM (Automated Market Maker) liquidation , lending pools, and daily settlements on a single high-performance chain .
StraitsX emphasizes that the expansion is aimed at meeting the growing demand from digital commerce platforms and AI-native applications, as Solana is increasingly used for x402-based payments – an interoperability standard designed to enable automated transactions between software agents.
Multi- chain ecosystem and x402 standard
XSGD currently operates on multiple blockchains including Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera , and XRP Ledger, while XUSD is available on Ethereum and the BNB Smart Chain. According to CoinMarketCap, XSGD has a market Capital of $13 million with a circulating supply of 16.7 million Token, while XUSD has a market Capital of $52 million. These two stablecoins have processed over $18 billion in combined on-chain volume .
Both stablecoins support the x402 standard at the native level, a feature that will be maintained when deployed on Solana. This enables use cases such as on-chain foreign exchange between SGD and USD, liquidation for AMMs, lending markets, and institutional-level payment flows.
StraitsX is a licensed Major Payments Institution operating under the Monetary Authority of Singapore stablecoin regulatory framework. According to the white paper, both XSGD and XUSD have been certified by the MAS as compliant with the upcoming stablecoin regulatory framework.
Last month, Grab – Southeast Asia's largest super app – signed an exploratory Mnemonics of understanding with StraitsX to build an integrated Web3 settlement layer, bringing e-wallets, programmatic payments, and stablecoin clearing mechanisms into everyday consumer transactions.
If approved by regulators, the system would allow Grab users across Southeast Asia to hold and spend XSGD and XUSD directly within the app, opening up the potential for stablecoin applications in mass payments in the region.
