StraitX will launch Singapore Dollar and US Dollar stablecoins on Solana in early 2026

Recently, cryptocurrency infrastructure company StraitX announced on Tuesday its plan to launch the Singapore dollar stablecoin XSGD and the US dollar stablecoin XUSD on the Solana blockchain in early 2026. This will enable instant exchanges between the two currencies on Solana, facilitating digital foreign exchange trading.

For Solana, this will be the first Singapore dollar stablecoin, further expanding its role as a global payment chain. Currently, Solana has $15.7 billion in stablecoins but has lacked a Singapore dollar option.