The appearance of the XSGD in the XRP Ledger network should expand access to the adjustable stabelcoin created for the tokenization of assets. Using the Straitsx platform, users can integrate XSGD into decentralized applications and wallets.
In June 2025, Straitsx promises the second phase of the XSGD launch on the XRP Ledger, in which stablecoin will become available to large legal entities for payments and trade settlements.
Ripple reported that the demand for stablecoins, available in several blockchains at once, has grown sharply. The company expects that by 2030 the volume of cross -border trade in Asia can reach $ 4 trillion. Therefore, payment stabblecoins, such as XSGD, will become even more popular, are counted in Ripple.
Straitsx has a license to Singapore monetary management (MAS). It has been producing XSGD since 2020. In addition to XRP Ledger, stabilcoin is now available in six more blockchains: Ethereum, Polygon, Arbitrum, Avalanche, Zillqa and Hedera. Straitsx claims that XSGD is fully provided with a ratio of 1: 1 cash reserves stored in two large banks: Standard Chartered and DBS Bank.
“The appearance of the XSGD in the XRP Ledger is an indicator of where the financial infrastructure is moving. Digital assets become an integral part of the global economy, and regulated stablecoins, including XSGD, will serve as the basis for payments without borders, ”said the co -founder and deputy general director of Straitsx Li Tianwei.
In March, Ripple announced cooperation with the Chipper Cash payment provider and launched the Ripple Payments in Africa.
Source: Bits
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