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2026-06-25 02:03 1mo ago
2025-09-24 18:13 10mo ago
Coinbase přidá AUDD a XSGD bez poplatků za směnu měn
XSGD XSGD
CoinGecko News 78
Original source text
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) and the Singapore dollar-backed (XSGD) to its trading platform starting September 29, 2025, at 19:00 UTC.

For Coinbase, this isn’t just another token listing, it’s part of a bigger plan to bring a billion people into crypto by letting them transact in the money they already know and use.

Through a blog post, Coinbase reveals that AUDD is issued by AUDC Pty Ltd, fully backed 1:1 by Australian dollar reserves. Meanwhile, XSGD, developed by StraitsX, is tied to the Singapore dollar and recognized by the Monetary Authority of Singapore (MAS).

It also fits into Singapore’s new Single Currency Stablecoin regulatory framework, a rare case of crypto tokens aligning neatly with government rules.

However, this move significantly reduces friction for Australians and Singaporeans converting between fiat and crypto. 

Coinbase is listing two new local stablecoins:

🇦🇺 AUDD
🇸🇬 XSGD

Local stablecoins will drive local crypto business growth and help to onboard many more new people to crypto. pic.twitter.com/ZFDX1y4A5O

— Brian Armstrong (@brian_armstrong) September 24, 2025 According to an Ipsos survey commissioned by Coinbase, over 70% of crypto holders in these countries want local stablecoins they can actively use, addressing both day-to-day and cross-border payment needs.

How Users Will BenefitDirect 1:1 conversion of AUD → AUDD and SGD → XSGD on Coinbase, no forex fees.Access to multi-currency liquidity pools, including XSGD/USDC on Aerodrome Finance.Wider adoption of local stablecoins in payments, settlements, and DeFi use cases.Regulatory clarity for XSGD, one of the few stablecoins with official approval in Southeast Asia.Breaking Away from the Dollar GripThe stablecoin market has exploded, hitting $250 billion in value this year after processing more than $30 trillion in transactions in 2024. But here’s the catch: nearly all of it runs on the U.S. dollar. 

That leaves people outside the U.S. paying extra for conversions and missing out on the convenience of transacting in their own money.

Coinbase wants to change that. With AUDD and XSGD, users in Australia and Singapore will soon be able to convert their local dollars into these stablecoins on Coinbase without paying fees.

Story Ends Here

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Read the Next News
2026-06-25 02:02 1mo ago
2025-09-30 04:08 9mo ago
OKX Singapore spouští platby USDC a USDT u GrabPay
USDC USD Coin XSGD XSGD
CoinGecko News 86
Original source text
OKX Singapore has launched what it claims is the first stablecoin-powered scan-to-pay service in the city-state, enabling customers to spend USDC or USDT at GrabPay merchant locations by scanning standard SGQR codes.

The service, launched today through partnerships with stablecoin issuer StraitsX and payments platform Grab, allows OKX customers to convert their stablecoins into Singapore dollars at point of sale across Grab's extensive merchant network. Transactions settle through StraitsX's XSGD stablecoin using Singapore's Purpose Bound Money framework, which applies programmable logic for compliant conditional settlement.

The OKX Pay rollout addresses a longstanding challenge in cryptocurrency adoption: bridging the gap between digital asset holdings and everyday merchant acceptance. While crypto payment cards have existed for years, direct scan-to-pay integration with established merchant networks represents a more seamless user experience.

OKX Singapore's service targets the company's existing customer base, who can now utilize stablecoin holdings for daily purchases rather than converting to fiat before spending. The instant conversion mechanism addresses volatility concerns by settling transactions at real-time exchange rates.

"OKX Pay addresses real needs for customers by expanding DPTs' use beyond trading and investing to everyday payments - from a morning coffee to dining out with friends," said Gracie Lin, OKX Singapore CEO, in a statement shared with Blockhead.

The integration operates through the OKX SG app with instant USDT/USDC-to-XSGD-to-SGD conversion, while merchants receive settlement in Singapore dollars without directly handling digital payment tokens. Each transaction executes as a blockchain transfer with embedded compliance checks and real-time validation through the PBM framework.

Lim Kell Jay, regional head of Grab Financial Group, emphasized the benefit for merchant partners: "By integrating OKX Pay with GrabPay through StraitsX's settlement network, we are enabling our merchant-partners to benefit from expanding acceptance to a broader range of users and payment options, without any change to their existing flows."

The launch represents a practical application of Singapore's regulatory framework for digital payment tokens, which OKX Singapore operates under as a licensed DPT platform. The company received Major Payment Institution status from the Monetary Authority of Singapore in September 2024, allowing it to provide digital payment token services in the jurisdiction.

StraitsX serves as the regulated payment service provider enabling the settlement layer. The company's XSGD stablecoin maintains a 1:1 peg with the Singapore dollar and provides the bridge between cryptocurrency holdings and local currency merchant settlement.

"The future of payments will be defined by trust, speed, and interoperability – and stablecoins are at the heart of this shift," said Tianwei Liu, StraitsX CEO and co-founder. "The launch of OKX Pay is more than a new service but a blueprint for how stablecoins will underpin global commerce in the years ahead."

StraitsX has established integrations beyond Grab, that enables acceptance at merchants supporting regional wallets like GCash, KakaoPay, and Touch 'n Go. These partnerships position XSGD as infrastructure for cross-border stablecoin commerce across Asia.

Singapore's Purpose Bound Money framework provides the regulatory infrastructure enabling such implementations. The PBM system allows digital currencies to carry programmable conditions governing their use, ensuring transactions meet compliance requirements without manual intervention.

The launch comes as Singapore positions itself as a hub for regulated digital asset activity. The Monetary Authority of Singapore has pursued a measured approach to cryptocurrency regulation, establishing licensing frameworks while maintaining strict compliance requirements for operators.

Whether the service gains significant traction depends on user adoption patterns and merchant awareness. Grab's extensive merchant network provides broad potential acceptance, though merchant education about accepting stablecoin-originated payments may require time.
2026-06-25 02:02 1mo ago
2025-11-05 05:12 8mo ago
StraitsX rozšíří stablecoinové platby po Asii do 2. čtvrtletí 2026
XSGD XSGD
CoinGecko News 78
Original source text
StraitsX announced Tuesday it will extend its stablecoin-based payment network across Asia, connecting Singapore, Thailand, Taiwan, and Japan through real-time cross-border settlement infrastructure set to launch in the second quarter of 2026.

StraitsX is expanding the StraitsX Payment Network to drive real-time, FX-transparent cross-border settlement across Asia, beginning with enhanced connectivity between Singapore, Thailand, Taiwan, and Japan by Q2 2026.

This begins with a partnership with KASIKORNBANK to enable… pic.twitter.com/tyVpOIrRRc

— StraitsX (@StraitsX) November 4, 2025 To start, the Singapore-based company is partnering with Thailand's Kasikornbank (KBank) to enable QR code payment interoperability between Thailand's national QR Payment system and Singapore's SGQR framework, with the XSGD stablecoin serving as the settlement asset for cross-border transactions.

Under the first phase of the Thailand-Singapore corridor, Thai travelers visiting Singapore will be able to pay at GrabPay and select PayNow-enabled merchants using Q Wallet by KBank, which utilizes Thailand's Q-money blockchain-based e-money. Merchants will receive instant settlement in Singapore dollars while consumers pay through familiar local interfaces.

A second phase, pending regulatory approval, will allow Singapore travelers to use their home wallets for payments in Thailand with seamless Thai baht settlement.

"By embedding XSGD into established consumer rails like GrabPay and Q Wallet by KBank, we're showing how trusted digital assets can deliver real-time settlement, transparent FX conversion, and interoperability at scale," Tianwei Liu, CEO and co-founder of StraitsX, said in a statement.

Concurrently, StraitsX will integrate into a regional settlement framework connecting regulated consumer and institutional payment platforms in Taiwan and Japan. The expansion will enable users in those markets to make payments across participating merchant networks in Southeast Asia, with all cross-border transactions settled in XSGD behind the scenes.

The network aims to provide instant cross-border payments with transparent foreign exchange conversion and regulatory alignment across participating markets, demonstrating how stablecoins can function as infrastructure for everyday financial activity at regional scale.

The announcement follows StraitsX's September introduction of Singapore's first stablecoin "scan-to-pay" experience and reflects growing momentum for stablecoin adoption in Asian payment systems.

"Asia is setting the pace for how stablecoins will power the next phase of global payments," Liu said. "By embedding stablecoin settlement into the region's most trusted consumer and institutional payment rails, we're creating the infrastructure for programmable, borderless finance that can operate safely, transparently, and at scale."
2026-06-25 02:02 1mo ago
2025-12-16 11:30 7mo ago
StraitsX spustí XSGD a XUSD na Solaně
DFI DeFi Chain ETH Ethereum SOL Solana XSGD XSGD
CoinGecko News 78
Original source text
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.

Summary

StraitsX will deploy its SGD- and USD-pegged stablecoins XSGD and XUSD on Solana in early 2026, making it the first L1 to host both assets natively.​ The launch targets on-chain FX, instant SGD–USD swaps, and cross-border settlement, leveraging Solana’s high throughput and low fees plus liquidity pools on CEXs and DEXs.​ Both stablecoins will support the x402 payment standard to enable machine-to-machine and AI-agent micropayments in what StraitsX calls the emerging “agentic economy.” StraitsX announced a partnership with the Solana Foundation to deploy its Singapore dollar-backed stablecoin (XSGD) and U.S. dollar-backed stablecoin (XUSD) on the Solana blockchain, with an initial rollout targeted for early 2026, according to a company statement.

The collaboration will make Solana the first Layer 1 blockchain to host both XSGD and XUSD simultaneously, StraitsX said. The company stated the integration is designed to support on-chain foreign exchange use cases and real-time cross-border settlement, utilizing Solana’s high throughput and low transaction costs.

The deployment aims to enable near-instant swaps between SGD and USD without traditional intermediaries, according to the announcement. StraitsX said the launch will facilitate instant currency conversion and settlement for businesses and developers operating on-chain, allowing users to move between SGD and USD within a single ecosystem.

Stablecoin leading crypto infrastructure push Both stablecoins will support the x402 payment standard, enabling machine-to-machine payments, automated transactions, and AI-agent micropayments, the company said. StraitsX described this functionality as positioning the stablecoins for use within the emerging “agentic economy,” where software agents and machines transact autonomously.

StraitsX plans to collaborate with centralized and decentralized exchanges to establish liquidity pools for XSGD and XUSD on Solana, stating that liquidity provisioning will be prioritized to ensure efficient foreign exchange swaps and settlement at scale.

The Solana expansion follows previous issuance of XSGD on Ethereum, Polygon, and Coinbase’s Base Layer 2, extending the stablecoin’s multichain presence.

StraitsX operates as a Major Payment Institution licensed by the Monetary Authority of Singapore. The company reported its stablecoins have processed more than $18 billion in cumulative on-chain transaction volume to date. The firm stated the Solana deployment aims to combine regulatory-grade stablecoins with high-performance public blockchain infrastructure for use cases including cross-border payments, foreign exchange settlement, programmable finance, and AI-driven transactions.
2026-06-25 02:02 1mo ago
2026-01-15 17:25 6mo ago
Alchemy Pay přidává StraitsX stablecoiny do fiat on-rampu
ACH Alchemy Pay XSGD XSGD
CoinGecko News 78
Original source text
Table of contents

Alchemy Pay has given users around the world a simpler way to move cash onto blockchains by adding StraitsX’s $XSGD and $XUSD stablecoins to its fiat on-ramp. The payment gateway, already known for connecting traditional payment rails to crypto networks, now lets people in 173 countries buy these fiat-backed tokens with familiar methods like Visa and Mastercard, Apple Pay and Google Pay, local bank transfers and mobile wallets across more than 50 fiat currencies.

That might sound technical, but the practical effect is straightforward: people and businesses who want stable, regulator-friendly crypto exposure can now convert local currency into $XSGD and $XUSD without jumping through hoops. For many users, especially institutions that care about compliance and settlement certainty, this removes a major friction point between bank accounts and stablecoins.

StraitsX positions itself as a settlement layer built for stablecoins. Its $XSGD and $XUSD are fully reserved, fiat-backed tokens intended to make cross-border payments and liquidity flows smoother. Importantly, both coins are recognised by the Monetary Authority of Singapore as being substantively compliant with the regulator’s forthcoming Single-Currency Stablecoin framework, a signal that they were designed with oversight and real-world integration in mind. StraitsX also works with established banks such as Standard Chartered and DBS, which helps the project stitch together traditional finance and on-chain liquidity.

Faster Fiat-to-Crypto Flows For Alchemy Pay, the listing is part of a broader push to mainstream crypto payments. The company has built a global network underpinned by an array of regulatory approvals, including ten U.S. Money Transmitter Licenses and permissions across Southeast Asia, Korea, Europe and the U.K. That licensing footprint matters: it gives payment partners and customers confidence that when they move fiat into the crypto world, those flows meet regulatory expectations.

Behind the scenes, Alchemy Pay is also building new infrastructure of its own. The company is developing Alchemy Chain, a Layer-1 blockchain focused on stablecoin payments, and plans to launch a testnet soon alongside its own stablecoin. That roadmap suggests Alchemy Pay sees the future of payments as a mix of traditional rails and purpose-built blockchain layers working together.

The addition of $XSGD and $XUSD broadens the choices available to users who want a compliant path into digital currencies. It’s a reminder that the stablecoin ecosystem is maturing: issuers are working with banks and regulators, and payment gateways are trying to make on-ramps as seamless as possible. For end users, this means fewer steps, less confusion, and a clearer route from everyday money to programmable money. This integration is expected to accelerate adoption by firms and consumers seeking reliable digital payment options.

As stablecoins become more central to cross-border transactions and digital commerce, partnerships like the one between Alchemy Pay and StraitsX illustrate a simple idea playing out in the market: when regulated issuers and established payment providers cooperate, moving between fiat and crypto stops feeling like a technical stunt and starts feeling like an everyday utility.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.