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Singapore Dollar Stablecoin XSGD Debuts on XRP Ledger in Ripple-Powered Payments Push

  • StraitsX has launched its MAS-regulated stablecoin XSGD on the XRP Ledger to enable faster, low-cost cross-border payments.
  • The move is part of a broader partnership with Ripple focusing on building institutional-grade digital infrastructure for tokenization and real-time financial services.
  • XSGD is among the few stablecoins with both regulatory oversight and multi-chain deployment, having over 8 billion on-chain transactions and a circulating supply exceeding 13.6 million tokens.
  • The collaboration between StraitsX and Ripple aims to establish an open, enterprise-grade payments future in Singapore and beyond.

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