Monad Token Surges as StraitsX Announces Stablecoin Partnership

The Monad (MON) token surged 15% in price over the past 24 hours, reaching approximately $0.0318.

This significant increase comes as a result of StraitsX's announcement to deploy XSGD and XUSD stablecoins natively on the Monad blockchain by early 2027.

The partnership between Monad and StraitsX is expected to expand on-chain currency options and open up new possibilities for payment applications.

The daily trading volume for MON reached $145.2 million, a 226.60% jump compared to the previous day's activity, while open interest in perpetual contracts climbed to $188.2 million, approximately 50% of MON's total market capitalization.