Back to Stablecoins
Rank #35XSGDFiat-Backed
XSGD
Pegged to
SGD
Market Cap
$80.00M
24h Volume
$3.00M
Circulating Supply
80.00M XSGD
Total Supply
80.00M XSGD
Peg Target
SGD
Collateral Type
Fiat-Backed
Issuer
StraitsX / Xfers
Launch Date
01-06-2020
About XSGD
XSGD is a Singapore Dollar (SGD)-pegged stablecoin issued by StraitsX (powered by Xfers), a licensed Major Payment Institution regulated by the Monetary Authority of Singapore (MAS). Each XSGD token is backed 1:1 by SGD held in segregated bank accounts with full monthly attestations. XSGD is used for cross-border payments, DeFi trading, and as a local currency on-ramp for Southeast Asian users. It is available on Ethereum, Polygon, and Zilliqa, and is integrated into protocols like Unipool and Curve.
Pros
- Regulated by MAS — strong credibility
- Monthly attestation reports
- Serves growing Southeast Asian market
- Institutional-grade compliance
Cons
- SGD is niche in global crypto
- Limited DeFi integration
- Primarily Singapore-focused
- Lower liquidity than USD stablecoins
Key Features
SGD 1:1 peg
MAS-regulated issuer
Monthly reserve attestations
Segregated bank accounts
Multi-chain deployment
Cross-border payment integration
Stablecoin Information
Category
Non-USD FiatCollateral Type
Fiat-BackedIssuer
StraitsX / Xfers