XSGD
Stablecoin Profile
XSGD (XSGD) is a fiat-backed stablecoin pegged to SGD, with $0 in circulating supply across 7 blockchain networks. Each XSGD is backed by reserves held by the issuer, with parity attested via defillama. The peg has historically held within ±1% on most trading sessions, with reserve composition and attestation cadence the primary inputs to its credit-risk profile.
About XSGD (XSGD)
XSGD is the StraitsX digital Singapore Dollar, designed to revolutionise money transfers across the region. XSGD is fully backed by reserve assets and is always redeemable on a 1:1 basis with the Singapore Dollar.
Verified StraitsX users can access the StraitsX platform to set up their StraitsX Mint function and directly mint XSGD into their preferred blockchain address by sending Singapore dollars to the bank account number available in the Mint tab. It can always be redeemed at a 1:1 ratio with SGD on the StraitsX platform.
Supply History
Peg stability history
XSGD (XSGD) is designed to trade at exactly 1.00 SGD, with its peg defended through direct redeemability against off-chain reserves. Spot price currently sits at $0.7830, a -21.703% deviation from the target — well inside the stability band typical for reserve-backed dollar tokens.
How reserve-backed stablecoins defend their peg
Fiat-backed stablecoins maintain their peg through arbitrage: any time the secondary-market price drifts above $1.00, authorised participants mint new tokens by depositing dollars and sell them into the market; any time it drifts below, they buy on the open market and redeem 1:1 for dollars. The peg therefore depends entirely on (a) the reserves actually existing, (b) the issuer honouring redemption requests promptly, and (c) the issuer remaining solvent and unfrozen.
Practical implications for holders
- Counterparty risk is concentrated in the issuer and its banking partners — a banking failure (as in the March 2023 USDC / SVB episode) can cause short-term depegs even when the underlying reserves are sound.
- Reserve attestations are not full audits. Always read the firm name, scope, and date of the latest attestation report before treating the peg as risk-free.
- Redemption rights typically apply only to verified institutional partners, not to retail holders. Retail exposure is exited via secondary markets, where liquidity matters most during stress periods.
- Regulatory action against the issuer (NYDFS orders, OFAC freezes, court-ordered blacklists) can immediately impair specific addresses or even the entire token.
- Mantapex tracks peg deviation in real time from DeFiLlama price feeds, but for high-value holdings cross-check directly on at least one independent venue (CoinGecko, the issuer's own dashboard, or an on-chain DEX).
Peg-stability commentary is based on the mechanism class (reserve-backed) and is provided for educational purposes only — it is not financial advice. Past peg stability is not a guarantee of future performance, and even the highest-quality stablecoins have historically traded outside their target band during banking, regulatory, or liquidity stress.
Contract addresses
XSGD (XSGD) is deployed as a token contract on 1 blockchain network below. Always verify the contract address you're interacting with on the relevant block explorer before sending funds — phishing tokens reusing well-known stablecoin tickers are common, especially on newer chains.
| Chain | Contract address | Verify |
|---|---|---|
| Ethereum | 0x70e8de73ce538da2beed35d14187f6959a8eca96 | Explorer |
Contract addresses are sourced from DeFiLlama's stablecoin profile. Some chains (Tron, Solana, Aptos, Sui) use non-EVM address formats. The "Explorer" link opens the official block explorer for the given chain; we do not link out to third-party explorers that may show altered data.
Compare XSGD to other fiat-backed stablecoins
Below are the largest fiat-backed stablecoins tracked on Mantapex alongside XSGD (XSGD). Comparing supply and chain footprint within the same mechanism class is more meaningful than cross-class comparison, because the underlying peg-defence assumptions are different.
| Stablecoin | Supply | Mechanism | Chains |
|---|---|---|---|
| Tether (USDT) | $184.1B | fiat-backed | 107 |
| USD Coin (USDC) | $79.6B | fiat-backed | 125 |
| World Liberty Financial USD (USD1) | $4.5B | fiat-backed | 8 |
| PayPal USD (PYUSD) | $4.1B | fiat-backed | 7 |
| BlackRock USD (BUIDL) | $2.5B | fiat-backed | 8 |
Peg Stability
Chain Distribution
Resources & data sources
XSGD (XSGD) is tracked across major crypto data providers. The links below open XSGD (XSGD)'s pages on CoinGecko, CoinMarketCap and DeFiLlama, so you can cross-check supply, market cap, exchange listings and historical price data directly at the source.
Price feed sourced from defillama. Supply, peg and chain-distribution data are aggregated from DeFiLlama's stablecoins dataset, which combines on-chain balances across supported networks. Numbers on this page typically refresh every 10 minutes.
Recent XSGD news
Latest reporting from major crypto news outlets covering XSGD.
- Crypto Economy
StraitsX Deploys XSGD and XUSD on Solana, Expanding Stablecoin Liquidity
StraitsX deployed XSGD and XUSD on the Solana blockchain, creating a native SGD–USD corridor within the same on-chain ecosystem. The expansion targets centralized and…
- CoinPedia
StraitsX to Launch XSGD and XUSD Stablecoins on Solana by 2026
Singapore's regulated crypto ecosystem is preparing for another major step forward. StraitsX, a Monetary Authority of Singapore (MAS)-licensed stablecoin issuer, has announced…
- BitDegree
StraitsX Brings XSGD and XUSD Stablecoins to Solana Blockchain
StraitsX, a payment company regulated by the Monetary Authority of Singapore (MAS), has announced plans to launch its XSGD and XUSD stablecoins on the Solana SOL blockchain.
- Crypto news
StraitsX brings XSGD and XUSD to Solana for cross-border FX and payments
StraitsX will launch XSGD and XUSD on Solana in early 2026, targeting on-chain FX, cross-border settlement, and AI-driven payments with x402 support. StraitsX announced a…
- CoinPedia
Coinbase to List First AUD and SGD Denominated Stablecoins on September 29
Coinbase Global Inc. (NASDAQ: COIN) has announced plans to list local stablecoins in Australia and Singapore. The top-tier cryptocurrency exchange, which is regulated by the…
- CoinPedia
Coinbase to Launch AUDD and XSGD Stablecoins on Sept 29, Breaking Dollar Dominance
Coinbase is taking a major step to make crypto feel more familiar to everyday users. It announced that it will add two fiat-backed stablecoins, the Australian dollar-based (AUDD)…
- Coinpaper
Coinbase Rolls Out XSGD as Vitalik Buterin Names Base a Benchmark L2 Network
Coinbase launches Singapore dollar XSGD while Vitalik Buterin hails Base as the ultimate L2 network—discover what this means for crypto investors.
- BeInCrypto
Coinbase Lists Two Non-Dollar Stablecoins to Pursue Local Onboarding
Coinbase is listing two new non-dollar stablecoins, based on the local currencies of Singapore and Australia. The exchange hopes to use these to encourage onboarding at a global…
Related stablecoins
Stablecoins comparable to XSGD by collateral mechanism, peg currency, or circulating supply — handy for spotting alternatives if a peg breaks or a regulator forces a delist.
Other fiat-backed stablecoins
Risk Warning
Stablecoins carry risks including de-pegging, regulatory changes, and counterparty risk. Always diversify and do your own research.