StraitsX deploys Singapore dollar stablecoin XSGD to XRP Ledger

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MarsBit
05-20
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Mars Finance News: Singapore payment infrastructure provider StraitsX announced that its Singapore dollar stablecoin XSGD has officially gone live on the XRP Ledger (XRPL). XSGD, issued by StraitsX, is backed 1:1 by Singapore dollars, with reserves held at DBS Bank and Standard Chartered Bank. XSGD is currently circulating on multiple blockchains, including Ethereum, Polygon, Arbitrum, Avalanche, Hedera, and Zilliqa, with XRPL being its seventh supported blockchain. (Financefeeds)

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