StraitsX Launches Its Singapore-Dollar Pegged Stablecoin, XSGD, on XRP Ledger

Crypto infrastructure provider StraitsX debuted its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger (XRPL) to cater to growing demand for regulated multi-chain stablecoins supporting real-time cross-border payments.Digital asset developers, fintechs firms and financial institutions can use XSGD to conduct cross-border transactions, settle transactions on-chain and create programmable financial flows. XGSD is being powered by XRPL, a decentralized public blockchain from Ripple.StraitsX, a major payment institution licensed by the Monetary Authority of Singapore, began issuing XSGD in 2020 source: https://www.coindesk.com/business/2025/05/20/straitsx-launches-its-singapore-dollar-pegged-stablecoin-xsgd-on-xrp-ledger