Introducing XSGD

XSGD. The Singapore stablecoin, now live on Coinbase.

XSGD offers 24/7 access to payments and financial services, designed to be pegged and redeemable 1:1 with SGD. Trade, spend, and send faster.

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XSGD, Singapore’s first stablecoin

XSGD makes Singapore Dollar transfers faster, easier, and more accessible than ever. Created by StraitsX, XSGD is a trusted, fully-backed SGD stablecoin enabling fast, compliant, and borderless transactions.

8.7 Billion

XSGD processed in total on-chain transactions

120+

Digital asset platforms and financial institutions integrating XSGD

24/7

Availability of instant settlement for users globally

What is XSGD?

XSGD is a digital Singapore Dollar, also known as a fiat-backed stablecoin. It is backed by reserve assets in the traditional financial system, such as cash, cash equivalents, or securities.

XSGD is acknowledged by the Monetary Authority of Singapore (MAS)

XSGD is one of just three stablecoins to be compliant with the upcoming MAS stablecoin regulatory framework.

XSGD is the first Singapore dollar (SGD) stablecoin

XSGD is created by StraitsX, a leading digital payment infrastructure provider licensed by MAS.

XSGD has stable value during times of volatility

XSGD is designed to be pegged to the Singapore dollar and redeemable on a 1:1 basis.

XSGD is fully backed by reserve assets

Each XSGD is backed by one dollar or asset with an equivalent fair value, which is held in accounts with regulated financial institutions.

XSGD enables seamless crypto-to-SGD spend

XSGD provides easy conversions from digital assets to SGD, eliminating delays and reducing rate fluctuation.

XSGD is available across multiple blockchains

XSGD is available natively on 7 blockchains: Ethereum, Polygon, AVAX C-Chain, Arbitrum, Hedera, Ripple XRPL, Zilliqa

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Why use XSGD on Coinbase?

Designed to be redeemable 1:1 with SGD

Quickly and easily convert between SGD and XSGD, or vice versa, with zero Coinbase fees.

Trade XSGD/USDC pair on Coinbase Advanced

Access the XSGD/USDC trading pair on Coinbase Advanced for enhanced liquidity and low fees.

Send XSGD on Base for low fees

Enjoy fast and cost-effective transfers by sending XSGD on Base, Coinbase's layer 2 network.

How to get XSGD?

You can buy XSGD on Coinbase's centralised exchange. It's quick, secure, and easy.

Create or sign in to your Coinbase account.

Fund your account with SGD deposits via PayNow. Enjoy zero fees for SGD ↔ XSGD conversions.

Buy or trade XSGD. Get XSGD with your funds directly, or trade USDC for XSGD with one of the lowest fees around.

Frequently asked questions

What are the fees for trading SGD to XSGD?

Coinbase charges no fees to convert between SGD and XSGD. You can easily deposit SGD via PayNow and convert it to XSGD instantly.

However, spread and processing fees may be charged by third party processors.

What are the trading pairs available for XSGD?

You can trade XSGD instantly on the Coinbase app or tap into enhanced liquidity via our XSGD/USDC pair in Coinbase Advanced.

Why is a digital dollar like XSGD beneficial?

XSGD is a digital dollar that transcends banking hours and global borders. Converting fiat to crypto can take days and incur fees, whereas holding XSGD gives you the flexibility to move instantly in a cost-effective manner. This enables you to move quickly if the market shifts, providing an easier access to DeFi.

XSGD also offers a faster and more affordable way to transfer funds — completing transactions in under an hour compared to the several days required by traditional systems. This not only reduces costs but also minimizes exchange rate fluctuations in cross-border transfers.

Are XSGD divisible to the cent like a dollar?

Yes, you can hold as little as 0.000001 worth of XSGD.

Start with XSGD on Coinbase

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Learn more about XSGD

What is a stablecoin?

USDC is a stablecoin designed to be pegged to the US dollar and redeemable on a 1:1 basis for US dollars, backed by dollar denominated assets held in segregated accounts with US regulated financial institutions.