- The integration will support automated payments and on-chain currency conversion between SGD and USD.
- XSGD and XUSD have processed more than $18 billion in on-chain transactions.
- StraitsX operates under MAS regulation and is exploring payment use cases with Grab.
Singapore-based stablecoin issuer StraitsX plans to extend its Singapore dollar–backed XSGD and US dollar–backed XUSD to the Solana blockchain in early 2026.
The move reflects a broader effort to place regulated stablecoins at the center of high-speed blockchain settlement, especially for payments, digital commerce, and emerging AI-driven applications.
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.
The expansion also positions the company to meet rising demand for programmable currency within interoperable, software-driven environments.
Solana integration plans
The rollout was announced in partnership with the Solana Foundation and disclosed in a blog post on Tuesday.
Once live, users will be able to settle transactions in XSGD and XUSD directly on Solana, benefiting from faster settlement times and lower fees.
StraitsX said the integration consolidates multiple financial capabilities on a single chain, covering centralized exchange support, decentralized liquidity pools, lending markets, and consumer payments.
The company views Solana as an appropriate base layer to support complex payment flows that require speed and scalability without compromising reliability.
Demand from AI and commerce
StraitsX said the expansion is designed to support increased usage from digital trading platforms and AI-embedded applications.
Solana has seen growing adoption of x402-based payments, an interoperability standard that enables automated transactions between software agents.
Both XSGD and XUSD already support the x402 standard natively, and that functionality will carry over to Solana.
As a result, developers and institutions will be able to deploy automated payment use cases, including on-chain currency conversion between SGD and USD, automated liquidity provision for market makers, lending protocols, and institutional-grade settlement processes.
On-chain volume and token data
XSGD is already available across multiple chains, including Ethereum, Polygon, Avalanche, Arbitrum, Zilliqa, Hedera, and the XRP Ledger.
XUSD is currently available on Ethereum and BNB Smart Chain.
XSGD has a market capitalization of $13 million with a circulating supply of 16.7 million tokens, while XUSD has a market capitalization of $52 million.
Together the two stablecoins have processed more than $18 billion in on-chain transaction volume, underscoring their growing role in cross-chain payments and settlement activity.
Regulatory standing and partnership efforts
StraitsX operates as a licensed major payment institution under the Monetary Authority of Singapore’s stablecoin framework.
Both XSGD and XUSD have been recognized by MAS as compliant with the forthcoming stablecoin regulation, according to their white papers.
The company has also advanced efforts to explore consumer-facing applications.
Last month, Grab signed a memorandum of understanding with StraitsX to explore a Web3-enabled settlement layer for Southeast Asia.
Subject to regulatory approvals, the initiative could allow Grab users to hold and spend XSGD and XUSD directly in the app, integrating digital wallets, programmable payments, and stablecoin clearing into everyday transactions.