We’re thrilled to announce the launch of XSGD on the XRP Ledger (XRPL), a pivotal milestone in our collaboration with Ripple. This integration brings a regulated, trusted stablecoin to a financial-grade blockchain, unlocking new possibilities for decentralized finance (DeFi), payments, and remittances.
Why XRPL?
The XRP Ledger is a battle-tested blockchain with:
- 10+ years of uptime
- Fast, low-cost transactions (under 4 seconds)
- Built-in decentralized exchange (DEX)
- Asset issuance tools for seamless stablecoin integration
By deploying XSGD on XRPL, users gain access to:
✔ Near-instant SGD-denominated transactions
✔ Decentralized FX trading and stablecoin swaps
✔ Compliant on-chain payments
XSGD on XRPL: Key Features
The permissionless version of XSGD enables:
- Cross-border remittances with minimal fees
- DeFi integrations (lending, swaps, liquidity pools)
- Direct wallet-to-wallet transfers via XRPL Explorer
Institutional-Grade XSGDP (Coming Soon)
Later this year, StraitsX will introduce XSGDP, a permissioned stablecoin leveraging Ripple’s Authorised Trust Line (ATL) model. Designed for enterprises, it supports:
- Institutional payouts
- Cross-border FX liquidity
- Regulated high-volume transactions
FAQs
1. How do I access XSGD on XRPL?
Create a StraitsX account and transfer XSGD to any XRPL-compatible wallet.
2. Is XSGD on XRPL regulated?
Yes. XSGD is fully backed 1:1 by SGD reserves, audited monthly, and compliant with Singaporean financial regulations.
3. What wallets support XSGD on XRPL?
Popular options include Xumm, Ledger, and XRPL-native wallets.
4. Can developers build with XSGD?
Absolutely! XRPL’s developer tools make it easy to integrate XSGD into DeFi protocols or payment apps.
Final Thoughts
This launch positions XRPL as a premier blockchain for regulated stablecoins, bridging traditional finance and decentralized ecosystems. With XSGDP on the horizon, StraitsX is paving the way for enterprise-grade digital asset solutions.
StraitsX simplifies global settlements with compliant, scalable stablecoin infrastructure.
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