XSGD, Singapore Dollar stablecoin, launched on Bitstamp for efficient global payments.

From Investing.com

October 7, 2024 10:30:33 PM:

Bitstamp lists Singapore Dollar-pegged stablecoin, XSGD, for the first time with StraitsX partnership. XSGD backed 1:1 to SGD, offers transparency, stability, and global accessibility. Users can now send and receive SGD-backed stablecoins across borders on Bitstamp for faster, more cost-effective transactions. XSGD available globally, except US and EU.

XSGD listing on Bitstamp enables on-chain cross-border payments, driving financial inclusion and innovation. Greater liquidity on Bitstamp offers reduced costs, faster settlements, and competitive exchange rates. This move accelerates adoption of digital assets, empowers businesses, and creates a seamless ecosystem for global commerce.

StraitsX and Bitstamp aim to transform cross-border transactions with XSGD. Stablecoin combines digital asset speed with fiat-backed stability, driving mass adoption. XSGD offers secure global payments solution for the future. StraitsX enables minting, redemption, payment management, and B2B API-enabled payment rails for digital asset platforms in Southeast Asia.

Bitstamp, established since 2011, is the world’s longest-standing cryptocurrency exchange. With over five million users, Bitstamp offers secure and transparent trading to individuals and institutional clients. Leader in security and compliance, Bitstamp holds 50+ licences with global financial regulators. Proud to list XSGD, enhancing platform’s liquidity and supporting widespread adoption of stablecoins.

Read more at Investing.com: XSGD, Singapore’s First Dollar-Backed Stablecoin, Launches on Bitstamp to Power Global Cross-Border Payments By Chainwire