- This integration will enable automated settlements and on-chain SGD-USD exchanges.
- XSGD and XUSD have processed more than $18 billion in on-chain transactions.
- StraitsX operates under MAS regulation and is exploring payment integrations with Grab.
StraitsX, a Singapore-based stablecoin issuer, plans to expand its Singapore dollar-backed XSGD and US dollar-backed XUSD onto the Solana blockchain by early 2026.
This move reflects a broader trend to position regulated stablecoins at the center of fast blockchain payments—particularly for settlements, digital commerce, and emerging AI-driven use cases.
By leveraging Solana’s low-cost, high-throughput infrastructure, StraitsX aims to make SGD- and USD-denominated transactions more efficient across decentralized finance, institutional flows, and everyday payments.
With this expansion, the company intends to support rising demand for programmable money within an interoperable, software-native environment.
Solana Integration Plan
The rollout was announced in collaboration with the Solana Foundation and detailed in a Tuesday blog post by StraitsX.
Once live, users will be able to make payments directly on Solana using XSGD and XUSD, benefiting from faster settlement times and lower fees.
StraitsX says the integration will consolidate multiple financial functions on a single blockchain, including centralized exchange support, decentralized liquidity pools, lending markets, and consumer payments.
The company positions Solana as an appropriate base layer to support complex payment flows that require speed and scalability without sacrificing reliability.
Demand from AI and Commerce
According to StraitsX, the expansion is designed to support increased usage from digital commerce platforms and AI-native applications.
Solana has seen growing adoption of x402-based payment standards, which enable automated transactions between software agents.
Both XSGD and XUSD already natively support the x402 standard, and that capability will be extended to Solana.
As a result, developers and institutions will be able to deploy automated payment scenarios such as on-chain foreign exchange between SGD and USD, automated market maker liquidity provisioning, lending protocols, and institutional settlement processes.
On-Chain Volume and Token Data
XSGD already operates across multiple blockchains, including Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and the XRP Ledger.
XUSD is currently available on Ethereum and the BNB Smart Chain.
XSGD has a market capitalization of $13 million with 16.7 million tokens in circulation, while XUSD’s market capitalization stands at $52 million.
Together, the two stablecoins have processed more than $18 billion in on-chain transaction volume, indicating their growing role in cross-chain payments and settlement activity.
Regulation and Partnership with Grab
StraitsX operates as a licensed major payment institution under Singapore’s stablecoin framework administered by the Monetary Authority of Singapore (MAS).
According to MAS whitepaper guidance, XSGD and XUSD are recognized as compliant with the forthcoming stablecoin regulatory framework.
The company has also begun developing consumer-facing applications.
Last month, Grab signed a memorandum of understanding with StraitsX to explore building a Web3-enabled payments layer for Southeast Asia.
Subject to regulatory approvals, the initiative would allow Grab users to hold and spend XSGD and XUSD directly in the app, integrating digital wallets, programmable payments, and stablecoin-based settlement into everyday transactions.