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StraitsX to Launch SGD and USD Stablecoins on Monad Blockchain

Guavy AI Editorial Team
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StraitsX, a Singapore-based payments firm, is set to launch its SGD and USD stablecoins on the Monad blockchain in early 2027. The move will make XSGD the first Singapore dollar-denominated stablecoin issued natively on the network.

The planned issuance of XSGD and XUSD aims to extend StraitsX's reach beyond its existing infrastructure into a newer blockchain ecosystem with a growing base of applications and financial services.

Monad, an Ethereum-compatible Layer 1 blockchain focused on financial applications, will host the stablecoins. The launch is subject to technical, regulatory, and compliance requirements.

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