StraitsX to Launch SGD and USD Stablecoins on Solana in 2026
- StraitsX would launch XSGD and XUSD as Solana-native stablecoins in early 2026.
- The move enables fast, low-cost SGD and USD settlements on Solana’s high-speed network.
- XSGD brings the first on-chain Singapore dollar to Solana’s growing stablecoin ecosystem.
StraitsX has announced a collaboration with the Solana Foundation to launch its Singapore dollar and U.S. dollar stablecoins on the Solana blockchain. The rollout is planned for early 2026. The move represents a major expansion of StraitsX’s multi-chain settlement strategy. It also strengthens cross-border digital payment infrastructure using a high-speed public blockchain.
The partnership would introduce XSGD and XUSD as Solana-native assets. This enables on-chain settlement in both Singapore dollars and U.S. dollars. The integration relies on Solana’s low transaction costs and fast finality. These features support real-time payments and scalable digital commerce use cases.
StraitsX Taps Solana’s x402 Standard for AI-Ready Payments
StraitsX stated that the launch aligns with Solana’s growing role in advanced payment standards. Solana is increasingly used for x402-based payments. The x402 standard supports automated micropayments between machines and AI agents. This positions XSGD and XUSD to serve AI-native applications and the expanding agent-based economy.
XSGD is already deployed across several blockchains. These include Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and the XRP Ledger. XUSD is currently live on Ethereum and BNB Smart Chain. Combined, the two stablecoins have seen over $18 billion in on-chain transaction volume.
The stablecoins were designed with native support for the x402 standard. This places them among the earliest stablecoins built for automated agent-to-agent transactions. StraitsX confirmed that this functionality would extend to Solana. The goal is to accelerate adoption in AI-driven payment environments.
The Solana deployment would also bridge two major currency ecosystems on a single chain. Both the Singapore dollar and the U.S. dollar liquidity would coexist natively. This structure supports on-chain foreign exchange between XSGD and XUSD.
For the Solana ecosystem, the arrival of XSGD introduces the first digital version of the Singapore dollar. The network already hosts $15.7 billion in stablecoins tied to currencies such as the U.S. dollar and Australian dollar. However, it has not previously supported SGD, according to DefiLlama data.
StraitsX Prepares Liquidity for Solana Stablecoin Launch
Market capitalization figures show measured but established adoption. At the time of the announcement, XSGD had a market cap of around $13 million. XUSD stood near $50 million, based on CoinGecko data.
StraitsX is preparing liquidity and market access ahead of the launch. Major centralized exchanges are expected to support Solana-native XSGD and XUSD. The company is also working with decentralized exchanges, AMM ecosystems, and leading Solana DeFi protocols.
Related: Visa Unveils Global Stablecoins Advisory Practice
These efforts aim to establish stablecoin liquidity pools and lending markets. The objective is to support payments, borrowing, and yield strategies. This approach builds a full-stack settlement layer on Solana. It also improves accessibility for both retail and institutional users.
The Solana Foundation would collaborate with StraitsX on liquidity development. This includes participation across decentralized exchanges, AMMs, and lending platforms. Both parties stated that compliance considerations would remain a priority.
StraitsX leadership emphasized the importance of payment efficiency. Chief executive and co-founder Tianwei Liu said users expect instant and low-cost payments. He added that launching both stablecoins on Solana unifies exchange access, liquidity, lending, and payments. He described the move as a step toward seamless global digital money flows.
The Solana Foundation emphasized the wider effect on the ecosystem. Lu Yin, head of APAC, said that stablecoins are becoming the fundamental infrastructure for on-chain activities in the real world. Native SGD and USD liquidity allows Solana to play a larger role in global payments, he added. He also mentioned potential in DeFi, lending, and AI-enabled transactions.
The partnership is indicative of a broader trend towards multi-currency stablecoin settlement on public blockchains. StraitsX uses the Solana scalable infrastructure to establish borderless finance. The launch paves the way for payments, electronic commerce, and automated financial systems.
