<ul><li>StraitsX has introduced Singapore dollar-backed stablecoin, XSGD, to the XRP Ledger to enhance real-time digital payment networks in Asia.</li><li>XSGD is 1:1 pegged to Singapore’s dollar, issued by a Monetary Authority-licensed institution, and backed by reserves in DBS and Standard Chartered, ensuring high assurance for users.</li><li>The move aims to support high-volume tokenization and financial flows, offering developers and institutions additional tools for real-time payment apps.</li><li>StraitsX plans an institutional rollout in June 2025, targeting business and institutional use, with features like programmable payout tools and merchant transactions to meet compliance requirements.</li></ul>

Ripple News: XSGD Stablecoin Now Live on XRP Ledger for Asian Market Growth

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