- Stablecoins are advancing as critical rails for real-time, low-cost global payments and settlements.
- AI agentic economies require programmable money, fueling stablecoin demand on high-throughput networks.
- A unified on-chain corridor for major fiat currencies can significantly boost DeFi and FX efficiency.
A significant growth is in progress for Singapore-regulated stablecoins over a top blockchain network. Thus, StraitsX has declared a strategic alliance to expand its digital currency service. This project is expected to improve international payment services and settlement. In addition, the migration is directly aimed at increasing the demand of efficient, multi-chain financial infrastructure.
Strategic Integration for AI and Payments
StraitsX is a Major Payment Institution licensed by the Monetary Authority of Singapore that collaborates with Solana Foundation. The two of them will roll out their Singapore Dollar-backed XSGD and US Dollar-backed XUSD stablecoins on Solana. The first implementation is scheduled at the beginning of 2026.
According to Tianwei Liu, Co-Founder and CEO of StraitsX, users and businesses today expect to receive prompt low-cost payments everywhere. Thus, the integration will use the fast, low-cost, and high-speed Solana infrastructure to make immediate payments and conduct digital business worldwide.
Importantly, both stablecoins are natively based on the x402 interoperability standard. Namely, this standard constructs automated machine-to-machine and AI-agent micropayments. StraitsX was sure to bring this capability to Solana. Through this, the company would like to expedite the uptake in the emergent AI-based applications.
Unifying SGD and USD On-Chain Liquidity
The launch will be the first time the Singapore dollar ecosystem and the US dollar ecosystem will be on the same chain. It will then establish a single platform of on-chain foreign exchange between XSGD and XUSD. It is also through the collaboration that automated market maker (AMM) liquidity, lending markets, and institutional-grade payment flows will be established.
Stablecoins are building blocks of the real world on-chain activity, says Lu Yin, Head of APAC at The Solana Foundation. Also, Yin said that the combination of the two assets opens new channels of immediate cross-border settlements and DeFi use cases.
The announcement stated that the Solana-native tokens already have major centralized exchanges ready to support them. Besides, StraitsX collaborates with the most prominent decentralized exchanges (DEXs) and the largest DeFi protocols in Solana to create liquidity pools.
The two stablecoins have so far transacted more than 18 billion of on-chain transactions volume on different networks. Lastly, the partners said that their cooperation will take into consideration the emerging money-laundering and terrorism-financing risks. They additionally committed themselves not to ignore any risks that may be created by the integration.
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