Behold, StraitsX, that paragon of Singaporean ingenuity, shall grace the Solana blockchain in 2026 with its XSGD and XUSD stablecoins. One might call it a “rollout,” but we prefer to imagine it as a grand waltz between fiat and crypto, choreographed by the Solana Foundation. 🦄
This audacious venture, unveiled with all the drama of a Victorian tragedy, promises to settle transactions in SGD and USD stablecoins via Solana’s “high-speed, low-cost infrastructure.” A phrase so delightfully oxymoronic, one can almost hear the clinking of digital thrones. 💸
“A game-changer!” declared Tianwei Liu, co-founder and CEO of StraitsX, as if the universe had been waiting for this precise moment. “It unites CEX support, AMM liquidity, lending pools, and payments on a single chain!” How thrilling, really. One might almost forget to breathe. 🤯
XSGD and XUSD: A $18 Billion Love Story
XSGD and XUSD, already flitting about on Ethereum, Polygon, and other chains, now seek to conquer Solana. Their combined onchain volume? A staggering $18 billion. One wonders if the coins themselves are aware of their own success. 🤔
XSGD, with a market cap of $13 million and 16.7 million tokens, is modestly priced. XUSD, at $52 million, is merely “affordable luxury.” Both support x402, a standard so avant-garde it enables software agents to automate transactions. How modern. 🤖
StraitsX, licensed by MAS (Monetary Authority of Singapore), claims compliance with regulatory frameworks. A bold claim, but then again, who needs humility in finance? 🎩
Grab & StraitsX: A Quixotic Quest for Web3
Last month, Grab, Southeast Asia’s beloved super-app, inked an exploratory MOU with StraitsX to build a “Web3-enabled settlement layer.” A phrase so rich in buzzwords, it could power a thousand TED Talks. 🚀
If regulators nod their approval, Grab users may soon hold XSGD and XUSD within the app. A dream come true for those who believe “everyday transactions” deserve blockchain’s dramatic flair. 🛍️
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2025-12-16 14:02