Darling, here’s what you simply must know:
- StraitsX has charmingly launched its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger, darling, to meet the insatiable appetite for regulated multi-chain stablecoins. One does love a good stable, don’t we?
- XSGD is, of course, fully backed by reserves held with the oh-so-reliable DBS Bank and Standard Chartered. Fancy that! And it’s charmingly available on several blockchain soirées.
- The expansion of XSGD to the XRP Ledger is all part of a cunning partnership aimed at jazzing up cross-border payments. How delightful!
Crypto infrastructure provider StraitsX, ever so dashing, debuted its stablecoin XSGD on the XRP Ledger—because what could be more thrilling than crossing borders with a digital dollar? This was quite the feat to meet the ever-growing demand for regulated, multi-chain stablecoins supporting those ever-so-exciting real-time cross-border payments. 💃
Digital asset enthusiasts, fintech dreamers, and financial institutions—yes, all of you—can now use XSGD for international transactions, on-chain settlements, and creating financial flows that are as programmable as a Swiss watch. Powered by Ripple’s XRP Ledger, darling, it’s blockchain with a touch of class.
StraitsX—an esteemed payment institution licensed by the Monetary Authority of Singapore—began issuing XSGD in 2020, and it’s pegged to the Singapore dollar like a proper gentleman to his lady. Fully backed 1:1 by reserves in DBS Bank and Standard Chartered, naturally. Fancy a little stability in your digital soirée?
As of now, XSGD flirts with a total supply of 14.12 million (quite exclusive, really), with over 8 billion transactions. It’s available on a variety of blockchain locales—Arbitrum, Avalanche, Ethereum, Polygon, Hedera, and Zilliqa. What a global gal! 🌍
“At StraitsX, we think stablecoins are not just fancy digital fiat, but the very infrastructure of future finance,” said Liu Tianwei, the charming co-founder, to CoinDesk. The launch on XRP Ledger is their way of saying, “Let’s make everything interoperable, programmable, and accessible for real-world value exchange,” or something equally melodramatic.
With cross-border economic activity forecasted to surge—imagine e-commerce in Asia hitting over $4 trillion by 2030, and global cross-border payments reaching a staggering $250 trillion by 2027—the timing couldn’t be more perfect, sweethearts. Ripple’s real-time settlement makes money transfers as quick as a wink, eliminating the need for pre-funding. Simply divine!
The Curtain Rises
This debut of XSGD on XRP Ledger is only the opening act in a series of upcoming maneuvers, darling. Next on the docket: programmable payouts, merchant settlements, and the sort of compliance you’d expect from the crème de la crème of finance, come June.
“StraitsX’s tango with XRP is a sign that stablecoins could indeed be the belle of the ball in future payments,” declared Fiona Murray, of Ripple, with a nod and a wink.
So, as the world of finance waltzes into the digital age, one thing’s certain: stability, regulation, and a dash of charm will be the keys to the kingdom. 💼✨
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2025-05-20 01:27