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Ripple and StraitsX Launch XSGD on XRPL to Revolutionize Asia Payments

  • XSGD stablecoin, backed by reserves at DBS Bank and Standard Chartered, is now available on the XRP Ledger for real-time cross-border payments.
  • The collaboration between StraitsX and Ripple aims to promote regulated stablecoin adoption and enable institutional use cases and programmable finance in Asia.
  • XSGD integration on XRPL supports Southeast Asia's move towards faster financial systems, with an emphasis on large-scale tokenization and interoperability.
  • StraitsX plans further features like programmable payouts and merchant settlement solutions, positioning XSGD as a pioneer in regulated stablecoin adoption and global value transmission.

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