StraitsX Expands XSGD and XUSD Stablecoins to Solana for Enhanced Cross-Border Payments

Summary: StraitsX has announced its plan to launch the XSGD and XUSD stablecoins on the Solana blockchain in early 2026. This move aims to facilitate cross-border foreign exchange (FX) and payments by leveraging Solana's efficient transaction capabilities.

Key Takeaways

StraitsX is set to launch XSGD and XUSD on Solana in early 2026.
This partnership will establish Solana as the first Layer 1 blockchain to support both stablecoins.
The integration will allow for rapid currency swaps and settlements, reducing reliance on traditional intermediaries.
Both stablecoins will utilize the x402 payment standard, promoting automated and AI-driven transactions.
StraitsX aims to enhance liquidity for these stablecoins through collaborations with various exchanges.

StraitsX launches XSGD and XUSD stablecoins on Solana

Introduction of XSGD and XUSD on Solana

StraitsX has announced a strategic collaboration with the Solana Foundation to introduce its Singapore dollar-backed stablecoin (XSGD) and U.S. dollar-backed stablecoin (XUSD) on the Solana blockchain. The anticipated launch is scheduled for early 2026, as indicated in the company’s statement.

This partnership marks Solana as the first Layer 1 blockchain to host both XSGD and XUSD simultaneously. StraitsX emphasizes that this integration is aimed at facilitating on-chain foreign exchange applications and providing real-time cross-border settlement, taking advantage of Solana’s high transaction throughput and low fees.

The rollout of these stablecoins intends to enable seamless swaps between SGD and USD, eliminating the need for traditional financial intermediaries. StraitsX notes that this implementation will streamline instant currency conversions and settlements for businesses and developers operating on-chain, thereby allowing users to navigate between SGD and USD within a unified ecosystem.

Supporting the Agentic Economy with Stablecoins

Both XSGD and XUSD are designed to support the x402 payment standard, which facilitates machine-to-machine payments, automated transactions, and micropayments driven by AI agents. StraitsX describes this capability as positioning the stablecoins for use in the evolving "agentic economy," where software agents and machines can conduct transactions autonomously.

To enhance usability, StraitsX plans to work with both centralized and decentralized exchanges to create liquidity pools for XSGD and XUSD on Solana. The company has indicated that fostering liquidity will be a primary goal to ensure efficient foreign exchange swaps and large-scale settlements.

This move to Solana follows earlier issuances of XSGD on networks such as Ethereum, Polygon, and Coinbase’s Base Layer 2, further expanding the stablecoin’s presence across multiple blockchain platforms.

StraitsX's Regulatory Compliance and Transaction Volume

StraitsX operates under the framework of a Major Payment Institution approved by the Monetary Authority of Singapore. To date, the company reports that its stablecoins have facilitated over $18 billion in cumulative on-chain transaction volume. The upcoming deployment on Solana aims to integrate regulatory-grade stablecoins with robust public blockchain infrastructure, catering to a variety of use cases including cross-border payments, foreign exchange settlements, programmable finance, and AI-driven transactions.