- StraitsX to launch SGD, USD stablecoins on Solana in early 2026.
- Enhances multi-chain capabilities for cross-border settlements.
- Boosts Solana’s global payments role through new liquidity.
StraitsX, a Singapore-licensed entity, plans to deploy its stablecoins XSGD and XUSD on Solana’s blockchain, as announced on December 16, 2025, aiming for early 2026.
This move enhances multi-chain payment solutions for StraitsX, aligning digital cross-border transactions with Solana’s infrastructure capabilities.
StraitsX, a Singapore-licensed stablecoin issuer, announced plans to launch its SGD-backed XSGD and USD-backed XUSD on Solana’s blockchain by early 2026. This aims to expand StraitsX’s capabilities for cross-border settlements.
Tianwei Liu, CEO and Co-Founder of StraitsX, said, “Stablecoin adoption is increasingly driven by users and businesses who expect payments to be instant, low-cost, and available everywhere. Launching XSGD and XUSD together on Solana will be game-changing. It unites CEX support, AMM liquidity, lending pools, and everyday payments on a single high-performance chain. It also brings us closer to a world where digital money moves across networks as easily as information does today.”
Involved parties include StraitsX and the Solana Foundation. This move unites centralized exchanges, lending, and payments across a high-performance chain.
The launch impacts both the financial sector and digital currency markets by integrating stablecoins on Solana. This enables new liquidity and transaction options for users globally.
This introduction facilitates instant cross-border transactions, enhancing Solana’s position as a leading global payments network with native SGD and USD liquidity.
Solana will see an increase in transaction efficiency and opportunities within its ecosystem. This aligns with the growing trend of stablecoin adoption in cross-border payments.
Potential outcomes include heightened financial inclusion and advancements in blockchain interoperability. It anticipates significant impacts on DeFi growth and cross-chain integrations.
